The VAT-free threshold of 22 euros will end on 1 July

According to information sent to MTI by the National Tax and Customs Administration (NAV), the regulation of cross-border online trade resulted in a significant loss of revenue and had a serious impact on the budgets of the European Union and Member States, giving non-EU traders an undue advantage. The new regulation will make competition between EU and non-EU companies more balanced. (MTI)