- The EU will abolish the customs duty exemption for consignments worth less than EUR150.
- Customs duties on low-value consignments will be introduced alongside the launch of the EU customs data hub, expected in 2028.
- The new system aims to address undervaluation of small parcels and environmental concerns caused by shipment splitting.
- 91% of e-commerce shipments under EUR150 entering the EU in 2024 came from China.
- The EU Council is seeking a temporary solution to levy customs duties on low-value consignments sooner, aiming for a deal next year.
Source: answerconnect.cch.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"
- EU Moves to Tighten the Fight Against VAT Fraud by Strengthening Cooperation Between Investigative Bodies
- Commission publishes simplification review of EU Deforestation Regulation
- EU Commission Issues New Guidance on AEO-Customs Cooperation Against Illicit Trade and Crime
- Understanding VAT Risks: The Pitfalls of Export Exemptions Across the EU, UK, Norway, and Switzerland
- VAT Concepts Explained: Navigating VAT/GST Exemptions for Financial Services: Global Perspectives, EU Case Law & Best Practices













