OSS for Online Stores: When It Applies and How It Works
OSS allows online sellers to report VAT on certain B2C sales across the EU through one Member State instead of maintaining separate VAT registrations solely for those supplies.
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IOSS for Imported E-commerce Sales: How the Scheme Works for Consignments up to €150
IOSS is a special VAT scheme for certain distance sales of goods imported from third countries and supplied to consumers in the EU in consignments not exceeding €150.
Read articleE-commerce Accounting: How to Organise Sales, Payments and Documents
An online store may use many sales and payment channels, but accounting needs to bring them together into one verifiable picture. The key is linking each order, payment and document.
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