Italy Tax Agency Posts FAQs on OSS, Import OSS

The Italian Revenue Agency Jan. 20 posted online FAQs on the one-stop-shop (OSS) and the import OSS (IOSS) VAT regimes. Topics covered include: 1) benefits of the regimes; 2) eligibility criteria under the regimes; 3) a clarification of the calculation of the 10,000 euro (US$11,280) threshold for taxpayers to join the OSS regime; 4) the requirement to file a zero return in case of inactivity; 5) the application of the regime based on activity in the EU; 6) a clarification on registration using an intermediary; 7) a clarification that goods subject to excise duties fall under the OSS regime and ...