by stefanie | Dec 20, 2024 | Around the Industry
Three individuals have been convicted in Italy for their roles in a €58 million VAT fraud scheme exploiting cross-border tax exemptions. Two entrepreneurs from Padua—a father and son—were sentenced to six years and two months each. An accountant received a two-year...
by stefanie | Nov 6, 2024 | World Focus
The EU’s ambitious VAT reform aims to modernise tax reporting, simplify cross-border transactions, and reduce fraud on imports. The EU’s tax system, the European Economic and Financial Affairs Council reached an agreement on the “VAT in the Digital...
by stefanie | Jul 5, 2024 | World Focus
The EU is considering ending import duty exemption for low-value imports like printer cartridges. Germany advocates for the European Union to abolish a tax exemption on imports valued under 150 euros ($162). This move targets non-EU vendors like fast-fashion giants...
by stefanie | Jun 24, 2021 | Around the Industry
EU VAT rules change on the 1st July 2021 and every product that is sold from a non-EU country (e.g. USA, Great Britain, China), will now be liable to import taxes. The EU wide changes take effect on the 1st July 2021 when the €22 ($26) tax exemption limit will...
by stefanie | May 27, 2021 | World Focus
On the 1st July 2021 the previous VAT exemption limit of €22 ($26) for the import of goods into the EU will cease to apply. This means that every product that is sold from a non-EU country (e.g. USA, Great Britain, China), will now be liable to import taxes. The EU...
