- The European Commission plans to abolish the EUR 150 customs duty exemption for e-commerce packages imported into the EU
- The VAT rules will be synced with the customs reforms, including removing the EUR 150 threshold for the Import One Stop Shop (IOSS)
- E-commerce businesses will need to update their Customs & VAT governance to manage these changes
- It is recommended for e-commerce businesses to assess how they are affected by these developments and integrate them with other initiatives like ViDA, CESOP, and DAC7.
Source: twobirds.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.
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