VAT news tagged as "Low value consignment stock relief"

Norway

Norway low-value consignment relief

July 17th, 2016

Norway has been cleared to continuing to operate its VAT and customs duties exemption for low-value packages imported into the country. The exemption was reviewed by the European Free Trade Area, which Norway is a part of. A local trade association, claiming the allowance was discriminatory and amounted to illegal state aid, brought a prosecution. …


Europe

Latest EU VAT initiatives

July 28th, 2015

Last week, ECOFIN (the EU’s committee reviewing economic and financial policies) confirmed plans under the new Luxembourg presidency of the EU. Each member states taxes over the presidency, controlling the day-to-day agenda of the EC, for a six month rotating term. Luxembourg EU VAT initiatives Luxembourg will focus on continuing work on the following VAT …