OSS VAT Explained for E Commerce and Amazon FBA Sellers

OSS VAT Explained for E-commerce and Amazon FBA Sellers

Have you heard of OSS VAT or One-stop-shop (OSS)? It is a new VAT scheme by EU Union to improve the VAT compliance. In today’s video, we will talk about OSS VAT system and how you can take advantage of it as a business owner. So if you are an e-commerce seller or planning to be one, this video is perfect for you.

Timestamps:
0:00 Intro
1:18 What is the traditional EU VAT system?
1:57 What is OSS and how does it work?
3:03 1) Register for VAT in a single EU Member State
3:21 2) Collect the correct VAT rate from your customer.
3:35 3) Report and remit the VAT due on your sales.
4:11 Frequently Asked Questions
6:20 Outro

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[Imrankhan-wcj]

nice it was very helpful as i m beginner

[ΤΑΣΟΣΒΑΡΔΑΞΟΓΛΟΥ]

very nice thank you for your excellent video! so, if you have already an EU VAT registered business and want to sell through FBA to another country, since you will be using amazon warehouses in another country, is the OSS still useful? and why?