VAT news tagged as "landed cost"

Europe

Non-EU e-retail faces 40% EU VAT & customs hikes

December 2nd, 2016

The European Union has announced this week that it will scrap the VAT and customs exemptions for small packages delivered by non-EU e-commerce businesses.  The change is scheduled for 2021. The change, aimed at raising €5bn in tax, could add up to 40% in taxes to deliveries, and push EU consumers to shop with local …