New EU Customs Regulation Ends VAT Exemption for under €22 Parcels

Following an amendment to Regulation (EU) 2015/2446 on EU customs rules, from 1 January 2021 it will be possible to declare goods up to €150 with a simplified customs declaration. The existing VAT exemption for goods up to 22 € will thus be abolished – the popular shipments from China with the label “Gift, 10$” will then be a thing of the past. Although all imports into the EU will...

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