To counter the negative effects of the import of heavily subsidized Chinese electric vehicles, the EU is introducing punitive levies from November 2024.
Tag: Non-EU Purchases
Trading with the UK after Brexit
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…
How will your taxes in Hungary change from 2022?
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…
Non-EU shipping regulations: VAT and customs duty
Although most of our clients operate in Hungary to be able to trade within the European Union, shipments from outside the EU are important to many of them. If you…
IOSS: the VAT system for e-commerce into the EU
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…
VAT exemption of non-EU purchases ends in July
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.…