The EU estimated annual VAT losses at €5 billion! due EU experience to evasion schemes! undervaluation! false declaration of imports! and disregard for intra-EU sales rules. Disguising high-value goods as goods worth up to €22 alone cost the EU budget €1 billion annually.
From July 1! 2021! the EU abolished the VAT exemption for the import of small EU experience consignments of goods up to 22 euros and created the Import One Stop Shop (IOSS) – a new scheme for the sale of goods imported from non-EU countries with a value of no more than 150 euros (excluding excisable goods).
The IOSS system allows non-EU businesses
Suppliers and marketplaces) to register! declare and report VAT in loan data one EU EU experience country (the Member State of identification) for sales to customers (final consumers and businesses) in several Member States. The system then allocates VAT payments between the Member States where the goods were purchased and consumed.
IOSS is a voluntary scheme. Suppliers from any country (sellers and marketplaces) can choose to charge VAT on low-value imports from outside the EU either through the IOSS regime! or when importing through normal is there anything else to consider customs procedures! or through special arrangements for postal and express carriers to collect VAT.
What is the situation in Ukraine?
According to the Ministry of Finance! during 2021-2023! 153.1 million international postal and express shipments worth UAH 157.5 billion were imported into Ukraine. The probable amounts of customs payments for three years! provided that aub directory the preferential taxation limit is abolished! could amount to UAH 17.72 billion. According to experts!in 2025! the projected amount of budget shortfalls will amount to UAH 16.8 billion.
