External News, Article

Duty & Tax Collection

Cross Border Trade and IOSS

April 01. 2021

Time to read: 1

April first we signed a strategic consultant agreement around the collection of VAT and TOLL. EU has a same value policy and a directive that states that the consumers within our economic zone must be aware of the total landing cost of imported goods. It boils down to a handful of challenges for all merchants around the world outside this economic zone where settling TAX and not exchanging it out/in of the EU multiple times.

Great Britain poses a set of special challenges given our proximity.

Plusius works with advanced asset management flows of currencies, Plusius will be holding currencies and settling with tax agencies and customs brokers on behalf of mentioned actors on the market.