Trademagazin > News and articles > Market News > Abolishing the VAT exemption for small goods ordered from outside the EU may discourage shopping
Abolishing the VAT exemption for small goods ordered from outside the EU may discourage shopping
At first, the desire to buy may be curbed by the fact that from July 1, VAT will also have to be paid on items under 22 euros that arrive from outside the European Union, says a representative survey commissioned by Magyar Posta, the results of which were communicated to MTI on Friday.
According to a May survey of the adult population aged 18-65, two-thirds of shoppers from outside the EU plan to order less or not order at all after 1 July. Thus, it is conceivable that Hungarian and European e-merchants will benefit. (MTI)
Related news
AliExpress launches fulfillment in Europe
Chinese online marketplace AliExpress is launching Local+, a fulfillment solution…
Read more >Brussels has initiated proceedings against Hungary over margin restrictions
The European Commission has launched two infringement proceedings against Hungary…
Read more >Annual inflation slowed in the euro area and the EU in May
Annual inflation slowed in both the eurozone and the European…
Read more >
More related news >
Related news
Cash has become a constitutional right: every merchant must provide the opportunity
A new regulation enshrining the right to use cash as…
Read more >The SZÉP card option for home renovations brought in billions in turnover
As of January 1, 2025, a new purpose of use…
Read more >Despite economic recovery, the number of insolvencies has increased in the Central and Eastern European region
The annual insolvency report for Central and Eastern Europe (CEE)…
Read more >