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

By: Trademagazin editor Date: 2021. 06. 30. 11:10

🎧 Hallgasd a cikket: Nyelv: Sebesség: 1.05×

Goods below 22 euros arriving in the European Union from outside the EU will be exempt from VAT on 1 July, but imports of products up to 150 euros will remain duty-free.

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)