The European Union collected more than €33 billion in VAT revenue during 2024 through its e-commerce VAT systems, according to new data published this week, underscoring the impact of its 2021 VAT reform package .
The One Stop Shop (OSS) and Import One Stop Shop (IOSS) mechanisms, which were introduced to simplify cross-border VAT compliance, allow businesses to declare and remit VAT for cross-border sales of goods and services within
