EU moves to cut tariffs under trade deal with US
These steps contribute to restoring stability and predictability in EU-US trade and investment relations, to the benefit of business, workers and citizens. On 28 August 2025, the European Commission presented two proposals to advance the
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EU urges stricter customs oversight on non-compliant goods
The EU Commission’s report highlighted that customs authorities have improved in intercepting non-compliant goods; however, e-commerce growth has outpaced enforcement, with 13 items per million refused entry in 2024 due to safety or compliance
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EU: Council adopts new rules simplifying tax collection for imports
The directive will be published in the EU Official Journal and take effect 20 days later, with rules applying from 1 July 2028. The EU Council has formally adopted new value added tax (VAT) rules for distance sales of imported goods on 18 July
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EU consults on VAT framework for travel and tourism
The consultation will last 12 weeks and include targeted discussions with representatives from Member States and business groups. The European Commission has launched a 12-week public consultation on 24 July 2025, to gather input from
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European Commission adopts proposal for council decision on amending protocol to AEOI-CRS agreement with Andorra
The European Commission adopted a decision on 17 July 2025 to authorise signing a protocol with Andorra for automatic exchange of financial account information under the OECD's common reporting standard. The European Commission (EC) adopted
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EC urges several nations to fully implement VAT rates, SME scheme directive
The European Commission has urged several EU countries, including Cyprus, Belgium, Bulgaria, Greece, Spain, and Romania, to fully implement VAT-related directives and new SME VAT rules. The European Commission, in its July 2025 infringements
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EU urges Netherlands to align investment fund tax rules with EU law
The European Commission issued a reasoned opinion to the Netherlands for not aligning its tax levy reduction scheme with the free movement of capital under EU and EEA agreements. The European Commission issued a reasoned opinion to the
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EU to shift VAT liability on imported distance sales to non-EU sellers, platforms
The change aims to promote the use of the VAT Import One-Stop-Shop (IOSS), enabling VAT registration in a single EU state for sales across the EU. The EU General Affairs Council adopted amendments to the VAT directive during a meeting on 18
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EU unveils 2028–2034 budget proposal, includes CORE corporate contribution
The framework provides Europe with a long-term investment budget to support its ambitions for independence, prosperity, security, and economic growth over the next decade. The European Commission presented its 2028-2034 budget proposal for an
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EU revises list of high-risk third countries for money laundering and terrorist financing
The regulation goes into effect on 5 August 2025. The EU published the Commission Delegated Regulation (EU) 2025/1184 on 16 July 2025, updating Regulation 2016/1675 by revising the list of high-risk third countries with anti-money laundering
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EU publishes implementing regulation to facilitate automatic exchange of tax information under DAC9
The EU's implementing regulation under DAC9 aims to enable automatic information exchange between Member States through technical solutions. The European Commission has published the implementing regulation in the Official Journal of the EU
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EU halts retaliatory tariffs on US imports until 6 August ‘25
This follows EU's warning on 14 July 2025 that it may implement countermeasures if ongoing trade negotiations with the US fail to prevent the imposition of 30% tariffs scheduled to begin on 1 August. The European Union has decided to halt the
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EU, Switzerland to amend agreement on automatic financial information exchange
The agreement enables automatic financial account information exchange between EU Member States and Switzerland under the OECD's Common Reporting Standard (CRS). The European Commission has proposed a Council Decision on 10 July 2025 to amend the
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EU: European Commission proposes measures to curb carbon leakage in exports
The proposal, set for finalisation by end-2025, aims to protect at-risk producers from carbon leakage and ensure equal treatment of all goods within EU trade. The European Commission has announced plans to introduce a new measure to address the
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EU adopts regulation to facilitate automatic exchange of tax information under DAC9
With this implementing regulation, the EU aims to provide technical solutions to facilitate the automatic exchange of information between Member States under DAC9. The European Commission (EC) announced on 7 July 2025 that it has adopted a
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EU incorporates international CO2 credits into 2040 climate target
The European Commission proposed amending the EU Climate Law to set a 2040 target of a 90% reduction in net greenhouse gas (GHG) emissions from 1990 levels. The European Commission has proposed a legally binding EU climate target for 2040 to cut
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EU states endorse simplified sustainability reporting and due diligence rules
The mandate proposes to simplify corporate sustainability (CSRD) and due diligence directives (CS3D) by reducing reporting burdens and minimising obligations for smaller companies. The Council of the EU approved a negotiating mandate to simplify
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EU Commission approves new state aid rules to support clean industry
The European Commission's new State aid framework enables Member States to boost clean energy, industrial decarbonization, and clean technology by offering tax incentives, such as faster deductions for clean technology investments. The European
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