As from 1^st July 2021, a revamped import scheme will enter into force to cover distance sales of goods imported from third countries or territories to customers in the EU up to an intrinsic value of 150 euros.  Unlike today, business may charge and collect the VAT at the point of sale to EU customers and declare and pay that VAT globally to the Member State of identification in the Import One Stop Shop (IOSS) scheme.  These goods will then benefit from a VAT exemption upon importation, allowing a fast release at Customs. 

 

The Customs Department is committed to keep all Economic Operators posted with further updates.  For additional information, kindly visit the European Commission website.