VIU-DO (OSS) is an abbreviation for “VAT Information Update – Domestic Option (One Stop Shop)” and is related to the One Stop Shop (OSS) system in the context of VAT settlements for entrepreneurs selling goods and services to consumers (B2C) in various European Union countries.
OSS (One Stop Shop) is a system introduced by the European Union that allows businesses to submit a single, central VAT return for all transactions involving the sale of goods and services to consumers in different EU member states. This system simplifies VAT accounting for cross-border sales.
VIU-DO (OSS) is a document or procedure that allows a business to update data within the OSS system, particularly for domestic transactions covered by the system. This allows a business to, for example, update sales data that is settled through OSS in order to correctly calculate and pay VAT in different EU countries.