The finance ministers of the EU Member States have agreed on putting an early end to the EUR 150 exemption threshold for import duties. The final abolition is to take place with the introduction of the EU Customs Data Hub on 1 January 2028. As from 1 July 2026, a flat rate customs duty of EUR 3 is to come into force on a transitional basis. The regulation is aimed at addressing the undesirable developments of recent years, particularly in the e-commerce sector. The regulation focuses primarily on consignments of goods from China.
The decision came as a complete surprise: the tax authorities want to subject administrative services, provided to dependent foundations in return for payment, to VAT. There is no transitional arrangement. Trustees of dependent foundation assets must act now – for the future, but also for the past.
Digital business models are creating new challenges for EU VAT law: Are supposedly free IT services really free – or do we pay with our data? If so, this may qualify as a supply for consideration subject to VAT. A recent working paper from the EU VAT Committee provides further clarification on the existing guidelines and explains when there can be a direct link between IT services and personal data. In our newsletter, we give you a clear overview of the most important updates and background information.
We are professional and reliable provider since we offer customers the most powerful and beautiful themes. Besides, we always catch the latest technology and adapt to follow world’s new trends to deliver the best themes to the market.
Contact info
We are the leaders in the building industries and factories. We're word wide. We never give up on the challenges.