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Over €33b in VAT revenues collected in 2024 via EU e-commerce VAT systems

New figures from Member States show that more than €33 billion in VAT revenues were collected in 2024 via the EU's e-commerce VAT systems, a "clear sign that the 2021 reforms are delivering on their promise to simplify compliance, support businesses, and ensure fairer taxation."

A press release by the European Commission says that through a single registration in one Member State, the One Stop Shop (OSS) and Import One Stop Shop (IOSS) allow businesses to declare and remit VAT for cross-border sales of goods and services within the EU, as well as for imports of low-value goods. 

The figures confirm that businesses continue to make full use of these simplifications, which cut red tape and compliance costs, ensuring the collection of VAT as well, it adds. 

The full report, which did not include country-specific details, can be viewed here.

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