2021 EUROPE CUSTOMS REGULATORY CHANGES
UNDERSTANDING THE URGENT IMPORTANCE OF COMPLIANCE AND ELECTRONIC DATA QUALITY.
The Value Added Tax (VAT) rules in the European Union (EU*) were amended and the changes become effective as of July 1st 2021:
Previously, commercial goods imported into the EU up to a value of 22 EUR were exempted from VAT.
As of July 1st, all commercial goods imported into the EU will be subject to VAT and will require formal customs declaration.
As a Shipper to the European Union or a Receiver in the European union, it is critical you have a clear understanding of the 1 July 2021 changes to Customs Regulations.
DHL Express recently hosted a Customer Webinar, joined by a EU Representative, with a focus to outline the 1 July changes and most importantly – what do you need to do to be ready.
* European Union (EU) countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
ARE YOU READY FOR EU REGULATORY CHANGES IN 2021?
With the upcoming 2021 European Regulatory Changes (i.e. BREXIT, ICS2 and VAT De Minimis Removal), European Customs authorities are further enforcing the regulatory requirements related to the provision of complete and accurate Customs data.
In order to avoid potential clearance delays, fines or even penalties by Customs authorities, it’s essential that you fully understand the upcoming regulatory changes and, most importantly, that your business provides complete and accurate electronic Customs data when shipping with DHL Express.
As your International Specialists, you can count on us to continue to work closely with you to support your business readiness and to ensure a smooth transition through the 2021 EU Regulatory Changes.
2021 CUSTOMS REGULATORY CHANGES
GUIDANCE FOR YOUR BUSINESS