The European Commission published on Oct 29, 2021 the most recent version of the Combined Nomenclature (CN) that will be applicable as from 1 January 2022.
As noted in an EC release, the CN provides the basis for the declaration of goods: (1) at importation or exportation, or (2) when subject to intra-EU trade statistics.
- The CN determines which rate of customs duty applies and how the goods are treated for statistical purposes.
- The CN is updated every year.
Source KPMG
Latest Posts in "European Union"
- ECJ Case: VAT Treatment of Loyalty Points vs Vouchers Under EU Directive
- FISC Hearing on Tax Implications of Trump Administration Policies September 23
- VAT Rules for Virtual Game Currencies: EU Court Advocate General Opinion
- Comments on ECJ C-472/24: AG Opinion on Taxation of Virtual Gold in Online Gaming
- Briefing document & Podcast: ECJ C-564/15 (Farkas) – Non-application Reverse-Charge, 50% tax penalty is disproportionate
