IOSS

Business & Finance abbreviation · Tax

IOSS
Stands forImport One-Stop Shop
CategoriesBusiness & Finance

IOSS stands for Import One-Stop Shop, a tax abbreviation.

EU VAT scheme for goods worth up to €150 shipped from outside the EU to consumers, letting sellers and marketplaces collect VAT at checkout and file one monthly return so parcels clear customs without the buyer paying import VAT on delivery.

Example: Because the store uses IOSS, my order arrived with no extra charges from the courier.

Usage notes

Introduced on July 1, 2021, when the EU abolished its €22 low-value VAT exemption.

More tax abbreviations

  • FUTA – Federal Unemployment Tax Act tax
  • GST – Goods and services tax
  • GSTIN – Goods and Services Tax Identification Number
  • HOH – Head of household
  • HST – Harmonized sales tax
  • IHT – Inheritance tax
  • IP PIN – Identity Protection Personal Identification Number
  • ITC – Input tax credit
  • ITIN – Individual Taxpayer Identification Number
  • ITR – Income tax return
  • K-1 – Schedule K-1
  • LIHTC – Low-Income Housing Tax Credit

See all 116 tax abbreviations →

Edited by the AbbreviationList.com team. Spotted an error or a missing meaning? Contact us.