- 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"
- CJEU Confirms TP Adjustments as VAT-Applicable Services, Requires Supporting Documentation
- Court of Justice Rules on VAT for Intra-Group Services and Evidence Requirements for Deductions
- ECJ Rules Compensation Payments in Transfer Pricing as Taxable Supply for VAT Purposes
- ECJ Rules Non-Transactional Profit Adjustments by Principal Are VAT-Applicable Services in Arcomet Case
- Understanding VAT Implications on Transfer Pricing: Insights from Arcomet Case C-726/23
