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Wise Persons Group on Challenges Facing the Customs Union

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

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Import Control System 2 – Release 2

There is new information on how to organize the migration to ICS2 version 2!

Who?

Postal operators, express and airlines and freight forwarders.

When?

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

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Ecofin: Updated EU list of non-cooperative jurisdictions for tax purposes

On February 14, 2023, EU Member States reached an agreement to update the EU list of non-cooperative jurisdictions for tax purposes. The latest update consists of 16 jurisdictions that lack commitment to improving their tax good governance or have made no progress towards their previous commitments, and are therefore included in Annex I of the EU list. These countries include American Samoa, Anguilla, the Bahamas, the British Virgin Islands, Costa Rica, Fiji, Guam, the Marshall Islands, Palau, Panama, Russia, Samoa, Trinidad & Tobago, the Turks and Caicos Islands, the US Virgin Islands, and Vanuatu. Read more

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Fair taxation: agreement on minimum taxation for multinationals

The Czech Presidency of the EU Council has announced its unanimous agreement with the Commission’s proposal for a Directive, which ensures that large multinational groups pay a minimum effective tax rate. This historic agreement brings the EU closer to fulfilling its pledge to be among the first to implement the OECD tax reform. Once in effect, this agreement will introduce fairness, transparency, and stability to the international corporate tax framework. Read more

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VAT in the digital world

The European Commission has proposed to renew and improve the EU’s VAT system to help businesses and combat digital fraud. The proposal was motivated by the loss of 93 billion euros in VAT revenue by Member States in 2020 and the growing importance of the platform economy. Read more

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Exportations from France

As of October 1, 2020, companies not established in the European Union (“EU”) can no longer appear as Exporter in box 2 of customs export declarations (EXA) made in France. However, in practice, French customs continued to accept companies established outside the EU to appear as exporters on customs documents. Read more

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Reverse charge of vat on imports to France

As of January 1, 2022, the VAT due upon release for consumption in France of goods coming from outside of the European Union, has no longer to be paid at the time of customs clearance in France and must be reverse-charged in the VAT returns filed with the French tax services. Read more

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Customs importer vs fiscal importer, in France

The “direct” mode of representation is not allowed by European customs regulations for the import of goods in the name and on behalf of a company established outside the European Union (“EU”)

 
When you use a freight forwarder, carrier or other person established in the EU to import goods into EU territory, it is very likely that they will have offered to sign a mandate authorizing to act in the name and on behalf of your company according to the mode of “direct” representation. However, this mode of representation is only authorized by customs regulations if the person represented (endorsing the status of “declarant”) has an establishment within the EU. Read more

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Summary VAT statement and answer to statistical surveys, for France

Since January 2022, the methods of declaration of statistical and fiscal information relating to intra-Community supply and acquisition of goods, that were reported in Intrastat – “Déclaration d’Echange des Biens” (“DEB “) change. This reform follows the entry into force of a new regulation on European business statistics, known as the EBS, European Business Statistics (regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019). Read more

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