- The EU-Central America Association council has adopted Decision No 1/2023, which modifies the list of working or processing required on non-originating materials to obtain originating status, reflecting the Harmonised System (HS) 2022.
- The Decision will enter into force 180 days after adoption on 29 December 2023 and will update the product-specific rules of origin set up in the Appendix 2 and Note 4 of Appendix 2A to Annex II.
- The update concerns the definition of “Originating Products” and “Methods of Administrative Cooperation” to the Agreement establishing an Association between the EU and its Member States, and Central America.
- The product-specific rules of origin reflect the HS 2022 adjustments. The tariff codes for products of Chapters 61 and 62 within annual quotas are also adjusted to reflect the HS 2022 update.
Source Taxation-customs.ec.europa.eu
Latest Posts in "European Union"
- Agenda of the ECJ VAT cases – 4 AG Opinions, 1 Hearings till October 10, 2025
- Non-Payment of Declared VAT Not Considered VAT Fraud, Says Advocate General Kokott
- CJEU Confirms TP Adjustments as VAT-Applicable Services, Requires Supporting Documentation
- CJEU Ruling: VAT Applies to Intra-Group Transfer Pricing Adjustments in Arcomet Case
- CJEU Rules Transfer Pricing Adjustments May Be Subject to VAT for Intragroup Services
