Legislative action and Impact Assessment expected in Q4/2022
The Union customs code is facing situations for which it was not conceived, notably e-commerce. The revision of the Union customs legislation will aim at improving the controls of e-commerce to the benefit of tax payers (collection of duties and taxes) and citizens (protection against non-compliant products). It will facilitate the enforcement tasks of national authorities and improve the level playing field for economic operators, notably with the assistance of new actors such as platforms. In other areas the revision will foresee a better allocation of tasks and improved exchange of information between customs and sectorial authorities so that customs authorities and the Commission are in a position
to use more electronic customs data to improve the efficiency of their controls of financial and non-financial risks, thereby reducing the burden on economic operators. In yet again other areas, certain simplifications will be foreseen for economic stakeholders
Source ec.europa.eu
Latest Posts in "European Union"
- EU Must Intensify Efforts Against Tax Fraud and Corruption, Says Chief Prosecutor
- Complex Interplay: Transfer Pricing and VAT Challenges for Multinational Corporations in the EU
- Complex Interplay: Transfer Pricing and VAT Challenges for Multinational Corporations in the EU
- German E-Commerce Group Achieves Multi-Country VAT Compliance Post-OSS Suspension with hellotax Support
- Virtual Currency Taxation: Analyzing VAT Implications in Gaming Post Case C-472/24
