e-Residency introduces new tools for EU VAT returns

Estonia's e-Residency program has introduced new services aimed at simplifying the process of filing European Union VAT returns, particularly for online businesses.

The new functionalities focus on the implementation of the EU's One-Stop Shop (OSS) and Import One-Stop Shop (IOSS) systems. These systems are designed to streamline tax obligations for businesses selling goods or services to consumers across different EU member states.

e-Residency seeks to provide digital nomads and international entrepreneurs with a straightforward method for managing their tax responsibilities. The program states that the new tools will reduce administrative burdens and the potential for errors.