- The 21st amendment to the Foreign Trade Ordinance came into effect on July 23, 2024
- Part I Section B of the export list has undergone extensive changes and additions of various goods
- Changes include new “Emerging Technologies” related to quantum computing and artificial intelligence
- Newly added goods include integrated circuits, signal amplifiers, cryogenic cooling systems, dry etching equipment, electron microscopes, and more
- These goods are now subject to national restrictions and companies need to ensure compliance with the new regulations
Source: awb-international.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- New SDEU Ruling May Allow Earlier VAT Deduction Without Waiting for Invoice Receipt
- Input Tax Deduction and Gratuitous Value Transfers: New BMF Guidelines Effective from 2026
- Parcels from outside the EU 5 euros more expensive from November due to extra import duties
- EU Financial Sector Tax Reform: Divided Parliament Debates VAT, IPT, and FTT Amendments
- Online workshop – Reality check on the revision of eInvoicing Directive (April 27)
