- Forests cover 1/3 of the planet’s land and are crucial for carbon storage and biodiversity.
- The EU has introduced the EUDR to combat deforestation and reduce greenhouse gas emissions. It sets strict rules for products, and operators and traders must comply with due diligence obligations.
- Non-compliance can result in fines, confiscation of products, and temporary prohibition from the market.
Source Michaela Merz
Latest Posts in "European Union"
- VAT in the Digital Age (ViDA): All you need to know on the ”Single EU VAT Registration”
- EU Clarifies VAT Treatment of New EUR 3 Customs Duty on Low-Value Imports
- EU Commission Revises OSS Guidelines for ViDA: Key Changes Effective from 1 January 2027
- European Commission Updates VAT E-Commerce Explanatory Notes for ViDA Changes Taking Effect on 1 January 2027
- New EU Training Paths for Taxation and Customs Officers from Candidate Countries
