European Union: Council Regulation (EU) 2025/517 amending Regulation (EU) No 904/2010 including monthly IOSS import value reporting by VAT identification number enters into force
Description
Council Regulation (EU) 2025/517 amending Regulation (EU) No 904/2010 including monthly IOSS import value reporting by VAT identification number enters into force
On 14 April 2025, Article 1 of Council Regulation (EU) 2025/517 amending Regulation (EU) No 904/2010 entered into force. The Regulation replaces Article 17(1), point (e), thereby introducing a requirement for Member States to store data on VAT identification numbers issued under the Import One Stop Shop (IOSS) scheme. In particular, Member States must record, for each IOSS VAT identification number, the total monthly value of imported goods exempted from VAT pursuant to Article 143(1)(ca) of Directive 2006/112/EC per Member State of consumption as defined in Article 369l of that Directive. This data must be stored in national electronic systems for administrative cooperation purposes under the VAT framework.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
cross-cutting
Implementation Level
supranational
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2022-12-08
under deliberation
2024-11-05
under deliberation
2025-03-11
adopted
2025-04-14
in grace period
2025-04-14
in force
2028-07-01
in force
2029-07-01
in force
2030-07-01
in force