VAT OSS (One Stop Shop) is a simplified VAT settlement system designed for entrepreneurs conducting business across the European Union. Registration for this procedure allows entrepreneurs to submit a single quarterly tax declaration and make a one-off VAT payment covering all transactions carried out across the entire European Union.
When using the VAT OSS procedure, the taxpayer is required to apply the VAT rate applicable in the buyer’s country, ensuring compliance with local tax regulations. Registration for VAT OSS is voluntary – alternatively, entrepreneurs can continue to register for VAT in each country where they provide services. However, it enables a significant simplification of the settlement process, making it more transparent and easier to manage.