How does IOSS work at Yoycol?

Import One-Stop Shop (IOSS)

 

Import One-Stop Shop (IOSS) is a new tax collection system introduced on July 1,2021. Products price below €150 imported from all countries outside the EU into the European Union will be cleared in customs with IOSS ID number. It is used to show that the VAT has been charged to the final customer.

 

Since July 1,2021, Yoycol have been working on clearing orders shipped to EU in the customs for several months. Starting from November 2021, Yoycol handles all customs procedures by using the Yoycol IOSS ID number in the customs declaration and charges you VAT on all of your orders shipped to EU member countries, which can ensure that your customers are not required to pay tax on delivery. Moreover, Yocyol will issued IOSS(VAT) invoice for all of your EU imported orders.

 

Jump to related articles:

How can I download the VAT invoice?

Can I submit my IOSS ID number to Yoycol?

Why do Yoycol and Etsy both charge VAT on imported orders?