This is a general approach to handling IOSS and OSS special scheme sales, and to describe EAS sales and fiscal reports for day-to-day accounting.
The actual application depends on many factors including the size of the company, scope of sales, i.e., TBE / services and / or physical merchandise, and the level of analytics data required from accounting, and company policy for handling of incidental expenses.
Accounting for merchants acting as marketplace (electronic interfaces) requires different accounting practices. Accounting for Delivery Duty Paid (DDP) and Delivery Duty Unpaid (DDU) has some differences to special scheme accounting.
IOSS, OSS and non-Union VAT special schemes introduced on 01.07.2021 in EU for B2C sales. Non-Union OSS scheme accounting is no different from OSS. OSS and Non-Union scheme cannot be used simultaneously by a merchant due to the legal requirements.
We do not include full notes on domestic VAT accounting and B2B in this document. EAS provides full data on these sales and allow easy upload of such data into accounting software solutions.
Data storage must be in accordance with your national legislation.