Some countries within the EUROMED region (Europe and the Mediterranean region), which allow each other zero-duty trade on the basis of preferential origin, are adopting more modern rules of origin, referred to as “transitional”, from September 2021. The EUROMED region’s preferential rules of origin are historically based on the PEM Convention. The transitional rules of origin are more lenient for most types of goods. They are currently applied by around 20 countries, and more countries intend to adopt them in the future.
Source Deloitte
Latest Posts in "Czech Republic"
- Czech Republic Enacts New VAT Rules for Unpaid Invoices Starting January 2025
- Czech Small Businesses Gain Flexibility with Quarterly VAT Returns Starting 2025
- Reminder: Submit 2024 EU VAT Refund Applications by September 30, 2025 Deadline
- VAT in the Czech Republic – Comprehensive up to date guide
- Czech Republic Updates VAT Deduction Rules for Unpaid Debts Effective January 2025