Insights

Cyprus Companies and the One-Stop Shop (OSS)

Cyprus Companies and the One-Stop Shop (OSS): A Guide to Simplified EU VAT Obligations

From 1 July 2021, the Mini One Stop Shop (MOSS) becomes the One-Stop Shop (OSS). The VAT OSS simplifies Value-Added Tax (VAT) obligations for businesses selling goods and services across borders to final consumers in the European Union (EU). Sellers can account for VAT in one country rather than multiple EU countries.