The new EU VAT rules is effective from July 1st, 2021. if you hire non-EU supplier to fulfill EU orders, it is quite essential to understand the new EU VAT rules and the IOSS system. Additionally, store owners such as Shopify dropshippers and WooCommerce dropshippers are asking: what are the to-dos?

--------In this video we talk about--------
-What exactly are the changes on EU VAT rules?
-What are the impacts on online sellers, dropshippers and customers?
-What are the differences between OSS and IOSS?
-What are the actions for EU sellers and non-EU sellers?

--------Timeline--------
00:01:52 What are the changes of the new VAT rules
00:05:20 The impacts on consumer, online seller, logistics, platforms and other relevant parties
00:08:48 OSS and IOSS systems for EU VAT taxation
00:10:50 The process at custom clearance
00:14:10 Actions for EU sellers selling into EU
00:15:50 Actions for non-EU sellers selling into EU
00:17:10 How does IOSS work, examples and tax calculations
00:20:50 FAQs

--------Check out our first video explaining new EU VAT rules (top-ranking on YouTube)--------
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--------Helpful links--------
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*This video does not, and is not intended to provide comprehensive legal and/or tax advice. You should consult a tax professional or local taxation authority for legal advice.


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