Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

Streamline your EU E-Commerce VAT Package reporting obligations through Sovos OSS/IOSS Reporting for SuiteTax, a built for NetSuite Bundle configured for a seamless transition in your E-Commerce One-Stop-Shop reporting process. The EU E-Commerce VAT package replaces distance-selling rules and extends the Mini One Stop Shop (MOSS) into a wider-ranging One Stop Shop (OSS) for B2C selling into the EU. Comply with the new EU E-Commerce reporting legislation in three steps: 

1. Sovos experts advise on your OSS/IOSS obligations based on your business profile and transactions
2. Sovos obtains the relevant OSS/IOSS scheme registrations and acts as your intermediary where necessary
3. Sovos validates and files your OSS/IOSS returns

Key Benefits

Data validation checks: VAT expert validation checks improves ongoing data quality. That includes checking currency, tax point, VAT rate validity, unique transaction identifiers and credit note identification. 

Ease of use: Our straightforward process reduces manual workload and mistakes. 

Technology supported by Managed Services: Sovos eases the tax burden of the One-Stop-Shop mandate and helps you understand the right solution for your business. 

Your Primary VAT Compliance Provider

Our Managed Service offerings assign a primary Compliance Services Representative to your account. Our Sovos team will prepare your data, file your returns, and issue payment instructions for VAT due. Simply import your data each month and let our preparers take over the filing process from you.

VAT Registrations and Set Up for OSS/IOSS

Through our dedicated VAT Registration team, Sovos guides you through the registration application process, submits documents & liaises with the Tax Authority until your OSS/IOSS VAT number is issued.

Intermediary service

In most cases, companies not established in the EU must appoint an intermediary to facilitate the reporting and payment of VAT under the IOSS scheme. Sovos offers an intermediary service for non-EU businesses where necessary.

Filing of Returns for Union OSS, Non-Union OSS and IOSS

Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax offers capabilities to extract your transactional data only for relevant data points required for filing purposes directly from within SuiteTax. This enables for a simplified import process to the Sovos Filing platform. Then we’ll review, process and submit your returns on time. Our specialist VAT Audit team are on hand to assist with Tax Authority queries, giving you confidence in your VAT compliance position.

VAT Audit Assistance

Our specialist VAT Audit team is on hand to assist with Tax Authority queries, giving you confidence in your VAT compliance position.