- The European Commission and its Member States recognized the negative connotation associated with customs formalities and decided to modernize and streamline the system.
- The shift toward electronic, paperless customs began with the introduction of the NCTS system in 1997, followed by the e-customs decision.
- However, the e-customs decision did not fully achieve its objectives, leading to the development of the Union Customs Code and the Multi-Annual-Strategic Plan for electronic customs (MASP-C).
- The MASP-C aims to achieve a full electronic exchange of information through simplicity, service, and speed. However, some countries are struggling with the implementation of their new systems, leading to delays.
- The customs authorities are working with software providers and economic operators to ensure a proper transition.
Source Portorium
Latest Posts in "European Union"
- Comments on ECJ C-409/24 to C-411/24: Court Allows Exclusion of Ancillary Services from Reduced VAT
- CJEU: In-Game Currency Trading in Online Games Not Exempt from VAT, Not a Voucher
- Incorrect VAT Statement in Intra-Community Supplies: Taxation Before Quick Fixes and EuG Decision
- EPPO Dismantles €103 Million VAT Fraud Network in EU Luxury Car Sales Operation
- VAT Exemption for Virtual Game Currency Exchanges: Interpretation of Directive 2006/112/EC, Article 135(1)(e)
