One-stop-shop
The following only applies to Galleries located in Europe. One-Stop-Shop (OSS) is a simplified VAT reporting and payment scheme for cross-border sales within the European Union (EU).
If your Gallery is located in Europe and its turnover from cross-border sales to consumers exceeds EUR 10,000, it is required to register for OSS. This registration allows you to declare and pay VAT for all your EU sales in one Member State instead of registering in each individual Member State.
By registering for OSS, Suarte can collect and remit the VAT on behalf of your gallery. This ensures that the correct VAT rates applicable in the country of destination are applied and reported.
If your Gallery is already registered for OSS, you can indicate this by checking the appropriate box on the bank account tab in your Suarte profile.
On the other hand, if the Galley’s revenue from consumers in other EU countries does not exceed EUR 10,000, there is an exception. These businesses are not required to charge VAT in their customer’s countries but may apply their local VAT.
When a Gallery is not registered for OSS, we will calculate and send you the appropriate tax amount based on your country’s tax regulations.
The OSS simplifies VAT obligations by centralizing reporting and payment obligations, reducing the administrative burden of registering in multiple Member States.
If you have any questions or need assistance with VAT registration or compliance, contact [email protected].