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"
- Advocate General’s Opinion Clarifies VAT Treatment of Transfer Pricing Adjustments in Stellantis Portugal Case
- Agenda of the ECJ/General Court VAT cases -1 Judgment, 1 Hearing till Feb 25, 2026
- The «Prefilling» headache
- The Fiscalis Programme 2021–2027: Interim Evaluation and Key Insights
- EU ViDA E-Invoicing: Key Changes and Luxembourg Implications for Cross-Border B2B Transactions
