On December 10, 2024, the Council reached a political agreement on the European Commission’s proposal to introduce an electronic VAT exemption certificate.
The directive aims to replace the current paper-based VAT exemption certificate with a digital version. This electronic certificate will apply to goods exempted from VAT, such as those imported for embassies, international organisations, or armed forces. Read more
On November 29, 2024, the Trade Committee under the Trade Agreement between the EU and Colombia, Peru, and Ecuador approved updates to the working and processing operations required to grant originating status to products made with non-originating materials. These changes align with the 2022 version of the Harmonized System (HS). Essentially, this means that products manufactured in these countries using materials from outside must meet specific conditions to be considered as “made in” that country. Read more
EU Tax Administration Leaders Unite to Tackle Shared Challenges.
On December 12-13, 2024, the Tax Administration EU Summit (TADEUS) brought together Heads of tax administrations from across the European Union to address pressing and complex challenges. Hosted in Budapest, the summit demonstrated the strong commitment of EU tax authorities to collaborate and find collective solutions. Read more
From January 1, 2025, small enterprises will be able to take advantage of a special VAT regime (SME scheme) designed to:
However, businesses opting for VAT exemption will forfeit the right to deduct VAT on expenses related to their exempt sales. Read more
On September 9, 2024, the European Commission adopted the Union Customs Code (UCC) Annual Progress Report 2023. This fifth edition details advancements in implementing the UCC and its 17 key digital projects, drawing on input from EU Member States throughout 2023. The report has been shared with the European Council and Parliament. Read more
The European Commission has introduced a proposal to amend the Directive on Administrative Cooperation in the field of taxation (Directive 2011/16/EU – DAC). Known as DAC9, this proposal aims to streamline the filing process for companies subject to the Pillar 2 Directive (Directive (EU) 2022/2523), which establishes a global minimum tax level for multinational enterprise groups (MNEs) and large-scale domestic groups (LSDGs) within the EU. Read more
Antigua and Barbuda has been taken off the EU’s Annex I (the list of non-cooperative jurisdictions for tax purposes) following a supplementary review by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Read more
Detentions of counterfeit in the EU have reached new heights, with law enforcement authorities detaining 152 million fake articles in 2023, a 77% increase from the previous year. The estimated value of these counterfeit goods, seized at both EU borders and within the internal market, raised to EUR 3.4 billion, a 68% increase on 2022. Read more
Wise Persons Group on Challenges Facing the Customs Union (WPG) was established to generate innovative ideas and concepts that contribute to the ongoing debate about the future of the Customs Union.
The Customs Union, within the European Union (EU), is the largest trading block globally, accounting for over 15% of world trade. In recent years, the Customs Union has faced various challenges, including the rise of e-commerce and increased workload due to the departure of the United Kingdom from the EU Customs Union. Read more
There is new information on how to organize the migration to ICS2 version 2!
Postal operators, express and airlines and freight forwarders.
The second release will enter into force on 1 March 2023. Read more about the ICS2 Release 2 procedure for entrepreneurs here.
You can also find more information about migrating from ICS2 version 1 to version 2 here. Read more
