UK notifies the WTO of withdrawal from the European Union
A communication from the UK on 1 February 2020 (WT/GC/206) has set out detail on the implications for the World Trade Organisation (WTO) of its departure from the European Union (EU). The communication notifies the WTO that the UK ceased to be a
See MoreCanada: CETA Trade Agreement enters into force
The Comprehensive Economic and Trade Agreement (CETA) between Canada and European Union came into force on September 21, 2017. The CETA is a progressive free trade agreement that covers virtually all sectors and aspects of Canada-EU trade in order
See MoreVietnam: Publishes a guidance on corporate income tax, VAT and customs
Vietnam’s tax authorities on 25 October 2016 circulated certain corporate income tax; value added tax (VAT), labour compliance, and customs duty matters. Corporate income tax -An official letter provides the conditions and supporting document to
See MoreGreek Tax Provisions has been challenged by European Union
It was asked by the European Commission to end the Greek discriminatory taxation of foreign-flagged ships and amend legislation on duty-free service stations. Greek-flagged ships and certain vessels managed from Greece are exempt from income tax as
See MoreEU – Customs tariff duties suspension on industrial and agricultural products
The European Commission has issued a notice to economic operators in relation to the suspension of autonomous common customs tariff duties on certain industrial and agricultural products. A list of the products affected by the measure is available
See MoreEU To Reduce Bureaucracy for Trade Sanctions
The European parliament has given its approval to new rules that will permit a rise in customs duties on the EU’s trading partners by means of an executive decision. This will enable the Commission to more efficiently enforce EU rights under
See MoreEU: Certain reduced duty rates ending in 2015
The European Commission has notified that EU imports of goods originating from China, Ecuador, the Maldives, and Thailand will no longer benefit from a zero or reduced EU customs duty rate from 1 January 2015. These countries have been determined to
See MoreEU: Regulation on Customs enforcement of intellectual property rights
The European Parliament and the Council of the European Union (EU) on 18 July 2013 published a Regulation (EU No 608/2013) on customs enforcement of intellectual property rights. The situations where the regulation is particularly relevant are as
See MoreEU: Applications for customs duty relief
For enterprises which want to claim relief from customs duty regarding imports of specific goods into the European Union (EU), the following due date for filing applications is 31 July 2013. This relief from import duty normally applies to imported
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