Non-EU Purchases
To counter the negative effects of the import of heavily subsidized Chinese electric vehicles, the EU is introducing punitive levies from November 2024.
The post EU to introduce extra import taxes on Chinese electric vehicles appeared first on Helpers Finance.
Since the UK has left both the European Union and the Customs Union, the UK is now officially a third country. In line with this, trading regulations has changed radically after Brexit. Read our quick guide to get up to date.
The post Trading with the UK after Brexit appeared first on Helpers Finance.
The parliament has recently approved tax cuts in Hungary from 2022. This week, we take a look at the update to regulations, explaining how it will affect your business in Hungary.
The post How will your taxes in Hungary change from 2022? appeared first on Helpers Finance.
If you are shipping from a non-EU country, where and when to pay VAT and customs duty becomes a crucial factor in calculating costs. Planning to purchase something from a third country? Learn about the shipping regulations first.
The post Non-EU shipping regulations: VAT and customs duty appeared first on Helpers Finance.
Starting from 1 July 2021, VAT will apply to all non-EU purchases. The regulation change will have a significant effect on distance sales into the European Union. In order to facilitate the collection, declaration, and payment of VAT under the new regulations, the IOSS scheme was created for sellers as an extension to the already existing MOSS scheme (which applies only to services). If you own an e-commerce business, you should learn about the requirements of the IOSS and update your procedures for the new scheme.
The post IOSS: the VAT system for e-commerce into the EU appeared first on Helpers Finance.
If you buy goods from outside the European Union often, you probably know that value added tax and customs duty do not apply to such purchases under a certain value. But have you heard that the regulation is about to change? The new rules eliminating VAT exemption for non-EU purchases will take effect on 1 July 2021.
The post VAT exemption of non-EU purchases ends in July appeared first on Helpers Finance.