{"id":14939,"date":"2022-06-29T21:00:00","date_gmt":"2022-06-29T13:00:00","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=14939"},"modified":"2022-07-18T11:36:14","modified_gmt":"2022-07-18T03:36:14","slug":"eu-changes-to-shippers","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/trend\/eu-changes-to-shippers\/","title":{"rendered":"EU Customs Regulatory Changes: Reminder and Suggested Actions to Shippers"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14939\" class=\"elementor elementor-14939\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-39d6076 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"39d6076\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e30976c\" data-id=\"e30976c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f01fec5 elementor-widget elementor-widget-text-editor\" data-id=\"f01fec5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW143168902 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Rapid<\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> growth of e-commerce<\/span> <span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">means current EU VAT policies are <\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">inappropriate<\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">, and favor non-EU merchants who are not subject to the same VAT rules<\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">.<\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> Non-<\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">EU<\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> merchants therefore enjoy an unfair pricing advantage over EU merchants<\/span> <span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">under <\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">the current regulations<\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">.\u00a0 <\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">It is estimated that t<\/span><span class=\"NormalTextRun SCXW143168902 BCX0\" data-ccp-parastyle=\"Normal (Web)\">he EU loses out on billions of lost VAT revenue every year.\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW143168902 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:2,&quot;335559740&quot;:270}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-60bc806 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"60bc806\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-981eff6\" data-id=\"981eff6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b410d6 elementor-widget elementor-widget-image\" data-id=\"4b410d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-506815322-1024x576.jpg\" class=\"attachment-large size-large wp-image-14942\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-506815322-1024x576.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-506815322-600x338.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-506815322-768x432.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-506815322.jpg 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fcfd35e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fcfd35e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e09e35d\" data-id=\"e09e35d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9bb6790 elementor-widget elementor-widget-text-editor\" data-id=\"9bb6790\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">To close \u20ac7 billion VAT loophole, the EU introduced customs regulatory changes starting from 1st July 2021.\u00a0 All EU e-commerce transaction will be subject to VAT and will require an official customs declaration.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:2,&quot;335559740&quot;:270}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">As a shipper to the European Union, it is critical that you have a clear understanding of the new changes to Customs Regulations.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd370b7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd370b7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8c61eb5\" data-id=\"8c61eb5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e0f46d2 elementor-widget elementor-widget-heading\" data-id=\"e0f46d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is VAT? <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7723c8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7723c8b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c11fd2c\" data-id=\"c11fd2c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94841a4 elementor-widget elementor-widget-text-editor\" data-id=\"94841a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW150382262 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\">Value-added tax<\/span> <span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\">(<\/span><span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\">VAT)<\/span><span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\"> is a consumption tax on goods and services.\u00a0 It is levied at each stage of<\/span> <span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\">production, distribution or sale to the end consumer<\/span><span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\"> and it is charged equally on every purchase.<\/span> <span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\">VAT <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\">is<\/span><span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\"> introduced in more than 160 countries<\/span><span class=\"NormalTextRun SCXW150382262 BCX0\" data-ccp-parastyle=\"No Spacing\">.\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW150382262 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d8c8c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d8c8c9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7e5070e\" data-id=\"7e5070e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5163230 elementor-widget elementor-widget-image\" data-id=\"5163230\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1328666494-1024x683.jpg\" class=\"attachment-large size-large wp-image-14943\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1328666494-1024x683.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1328666494-600x400.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1328666494-768x512.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1328666494.jpg 1254w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-70f8a2a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"70f8a2a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bc2be95\" data-id=\"bc2be95\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ad1000c elementor-widget elementor-widget-heading\" data-id=\"ad1000c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why VAT? <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d8b876 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d8b876\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-da266f8\" data-id=\"da266f8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd37f27 elementor-widget elementor-widget-text-editor\" data-id=\"cd37f27\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW184277365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184277365 BCX0\">By imposing VAT, the country can protect its businesses and avoid unfair competition and distortion for their companies.<\/span><span class=\"NormalTextRun SCXW184277365 BCX0\">\u00a0 It is <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW184277365 BCX0\">considered as<\/span><span class=\"NormalTextRun SCXW184277365 BCX0\"> a simpler and more standardized tax system than a traditional sales tax.\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW184277365 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7b1ee22 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7b1ee22\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5076bd1\" data-id=\"5076bd1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c19cafd elementor-widget elementor-widget-heading\" data-id=\"c19cafd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">New EU Customs Regulations Starting from 1st Jul 2021 <br><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8a3f3b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8a3f3b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7436d8d\" data-id=\"7436d8d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ccee928 elementor-widget elementor-widget-heading\" data-id=\"ccee928\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. VAT exemption on low-value goods (\u20ac22 or below) is removed  <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b6ad25 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b6ad25\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f05abcd\" data-id=\"f05abcd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac12a48 elementor-widget elementor-widget-text-editor\" data-id=\"ac12a48\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW177476803 BCX0\">All goods <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW177476803 BCX0\">importing<\/span><span class=\"NormalTextRun SCXW177476803 BCX0\"> to <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW177476803 BCX0\">EU<\/span><span class=\"NormalTextRun SCXW177476803 BCX0\"> will be charged with VAT<\/span><span class=\"NormalTextRun SCXW177476803 BCX0\">, regardless of their value.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5c4f75f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5c4f75f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1a99b9b\" data-id=\"1a99b9b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e54aa74 elementor-widget elementor-widget-heading\" data-id=\"e54aa74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Introduce Import One-Stop Shop (IOSS) to simplify customs clearance procedures <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7068878 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7068878\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-97f6936\" data-id=\"97f6936\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ffe2083 elementor-widget elementor-widget-text-editor\" data-id=\"ffe2083\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">With IOSS, non-EU sellers can collect VAT from their consumers on B2C goods imported into the EU not exceeding <\/span><span data-contrast=\"auto\">\u20ac<\/span><span data-contrast=\"auto\">150.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Once registered, the seller could pay VAT in the IOSS for all of their EU sales via a quarterly declaration, and the IOSS system would transmit that VAT remittance to the respective Member State.\u202f\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-764c915 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"764c915\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8bd9c39\" data-id=\"8bd9c39\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-328b4d1 elementor-widget elementor-widget-image\" data-id=\"328b4d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"678\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1358582592-1024x678.jpg\" class=\"attachment-large size-large wp-image-14944\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1358582592-1024x678.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1358582592-600x397.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1358582592-768x509.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1358582592.jpg 1258w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3c76a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3c76a2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3e42c8d\" data-id=\"3e42c8d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fd1e4c2 elementor-widget elementor-widget-heading\" data-id=\"fd1e4c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. E-marketplaces are liable for collecting, reporting and paying VAT <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5994b89 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5994b89\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b767b51\" data-id=\"b767b51\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dba1e66 elementor-widget elementor-widget-text-editor\" data-id=\"dba1e66\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW82278485 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW82278485 BCX0\">The e-marketplace must first register for the IOSS with an IOSS intermediary.\u00a0 It will then be responsible for collecting the VAT on e-commerce transactions made <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW82278485 BCX0\">on<\/span><span class=\"NormalTextRun SCXW82278485 BCX0\"> marketplaces.<\/span><\/span><span class=\"EOP SCXW82278485 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5a0462a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a0462a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ef2a12c\" data-id=\"ef2a12c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c7d2db elementor-widget elementor-widget-heading\" data-id=\"6c7d2db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Complete a formal customs declaration for all commercial imported goods <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab2e529 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab2e529\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-71a95ea\" data-id=\"71a95ea\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-516ac31 elementor-widget elementor-widget-text-editor\" data-id=\"516ac31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW136271736 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW136271736 BCX0\">To minimize unnecessary transit time and clearance days, c<\/span><span class=\"NormalTextRun SCXW136271736 BCX0\">ustoms <\/span><span class=\"NormalTextRun SCXW136271736 BCX0\">a<\/span><span class=\"NormalTextRun SCXW136271736 BCX0\">uthorities are now requesting\u202fcomplete and accurate goods descriptions\u202fin order to perform security\/safety screening before shipments <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW136271736 BCX0\">leaving<\/span><span class=\"NormalTextRun SCXW136271736 BCX0\"> the origin country.\u202f<\/span><\/span><span class=\"EOP SCXW136271736 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-773fbbd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"773fbbd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9a5ec98\" data-id=\"9a5ec98\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0fc373c elementor-widget elementor-widget-heading\" data-id=\"0fc373c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who are affected?  <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6f4a8b4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6f4a8b4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2b609f0\" data-id=\"2b609f0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19ceecb elementor-widget elementor-widget-text-editor\" data-id=\"19ceecb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Online B2C transactions of goods with a value of <\/span><span data-contrast=\"auto\">\u20ac<\/span><span data-contrast=\"auto\">150 euro max<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">B2C E-commerce sellers\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">All online e-marketplaces selling goods to EU customers<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-980d671 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"980d671\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3b1c095\" data-id=\"3b1c095\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3ff86b3 elementor-widget elementor-widget-heading\" data-id=\"3ff86b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What should shippers do? <br><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-db6c1ad elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"db6c1ad\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5635a80\" data-id=\"5635a80\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d7476ab elementor-widget elementor-widget-heading\" data-id=\"d7476ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. VAT Payment  <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6303751 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6303751\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f5484f5\" data-id=\"f5484f5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf93505 elementor-widget elementor-widget-text-editor\" data-id=\"bf93505\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW115521354 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW115521354 BCX0\">VAT collected by the online seller <\/span><span class=\"NormalTextRun AdvancedProofingIssueV2Themed SCXW115521354 BCX0\">at the moment<\/span><span class=\"NormalTextRun SCXW115521354 BCX0\"> of purchase and online seller then pays to EU tax authorities via monthly VAT return<\/span><span class=\"NormalTextRun SCXW115521354 BCX0\"> in the country where <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW115521354 BCX0\">you<\/span><span class=\"NormalTextRun SCXW115521354 BCX0\"> IOSS <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW115521354 BCX0\">is<\/span><span class=\"NormalTextRun SCXW115521354 BCX0\"> registered<\/span><span class=\"NormalTextRun SCXW115521354 BCX0\">.\u00a0 If you are not a VAT established seller, you must appoint a VAT intermediary to fulfill VAT obligatory on your behalf.\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW115521354 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ffb66f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ffb66f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7194297\" data-id=\"7194297\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b38fe0a elementor-widget elementor-widget-image\" data-id=\"b38fe0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"627\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1158779061-1024x627.jpg\" class=\"attachment-large size-large wp-image-14945\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1158779061-1024x627.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1158779061-600x367.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1158779061-768x470.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/iStock-1158779061.jpg 1308w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d0e2f4f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d0e2f4f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-84cc988\" data-id=\"84cc988\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42583a2 elementor-widget elementor-widget-heading\" data-id=\"42583a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Formal customs declaration <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e227a1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e227a1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b3ed245\" data-id=\"b3ed245\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3fabbea elementor-widget elementor-widget-text-editor\" data-id=\"3fabbea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW223253669 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW223253669 BCX0\">Y<\/span><span class=\"NormalTextRun SCXW223253669 BCX0\">ou <\/span><span class=\"NormalTextRun SCXW223253669 BCX0\">need to <\/span><span class=\"NormalTextRun SCXW223253669 BCX0\">provide accurate Commercial \/ Pro Forma invoice data, such as goods descriptions, <\/span><span class=\"NormalTextRun SCXW223253669 BCX0\">customs tariff code, <\/span><span class=\"NormalTextRun SCXW223253669 BCX0\">itemized values<\/span><span class=\"NormalTextRun SCXW223253669 BCX0\"> and items quantity.\u00a0 <\/span><span class=\"NormalTextRun SCXW223253669 BCX0\">Generic description such as \u201csamples\u201d or \u201cspare parts\u201d are not allowed.<\/span><\/span><span class=\"EOP SCXW223253669 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14b41cd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14b41cd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dabb971\" data-id=\"dabb971\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bbb9dce elementor-widget elementor-widget-heading\" data-id=\"bbb9dce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Final Reminders for Shippers <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8df8145 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8df8145\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-083daf3\" data-id=\"083daf3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-216bc54 elementor-widget elementor-widget-text-editor\" data-id=\"216bc54\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shippers can either register and file your own tax returns and find an intermediary to act for you.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:1080,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">The customs regulatory changes are not applicable to consignments valued over <\/span><span data-contrast=\"auto\">\u20ac<\/span><span data-contrast=\"auto\">150<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a4e8e48 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a4e8e48\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6758e5\" data-id=\"b6758e5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a3276f elementor-widget elementor-widget-author-box\" data-id=\"6a3276f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-author-box\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.freightamigo.com\/?utm_source=PTHKTDC&#038;utm_medium=organic&#038;utm_campaign=business_mass_newsbites_article1_v2022may20\" class=\"elementor-author-box__avatar\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2022\/06\/123.jpg\" alt=\"Picture of Ivy Tse - the Co-Chief Executive Officer &amp; Co-founder of FreightAmigo, \" loading=\"lazy\">\n\t\t\t\t<\/a>\n\t\t\t\n\t\t\t<div class=\"elementor-author-box__text\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.freightamigo.com\/?utm_source=PTHKTDC&#038;utm_medium=organic&#038;utm_campaign=business_mass_newsbites_article1_v2022may20\">\n\t\t\t\t\t\t<h4 class=\"elementor-author-box__name\">\n\t\t\t\t\t\t\tIvy Tse - the Co-Chief Executive Officer & Co-founder of FreightAmigo, \t\t\t\t\t\t<\/h4>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-author-box__bio\">\n\t\t\t\t\t\t<p> Ivy Tse has 15 years of regional management experience in several Fortune Global 100 companies, including ICT, cloud services & the logistics industry. She is also an ISO 9001 auditor, awarded as 2021 Deloitte Tech Fast Female Award Winner and a member of the Hong Kong Logistics Development Council since 2021. With the mission \u201cMake Trade Easier\u201d, FreightAmigo is a one-stop supply chain finance eMarketPlace pioneer in Asia founded in 2017, connecting over 300+ global shippers, financial institutions, insurance companies and logistics service providers in one platform. <\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-90e60d3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"90e60d3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f76bc14\" data-id=\"f76bc14\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5cfa327 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5cfa327\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ea6c1c3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ea6c1c3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-91e11da\" data-id=\"91e11da\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c17ef57 elementor-widget elementor-widget-text-editor\" data-id=\"c17ef57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: bolder;\">Subscribe to&nbsp;<a href=\"https:\/\/form.hktdc.com\/UI_RegistrationSite\/Registration\/RegistrationForm.aspx?FORMID=29019c69-6d41-4b71-9906-62b149bcea6b&amp;BYPASS=YES&amp;LANGID=1&amp;URLEVENTNAME=hktdc.com+Sourcing&amp;URLFORMNAME=Enquiry+Form&amp;URLDATESCODE=00&amp;BARCODETYPE=Default&amp;DCSext.dept=2&amp;WT.mc_id=1849398\" target=\"_blank\" rel=\"external noopener noreferrer nofollow\" data-wpel-link=\"external\">NewsBites<\/a>&nbsp;and stay updated on the latest business trends and news.<\/span><br><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e54b242 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e54b242\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fcb44a5\" data-id=\"fcb44a5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-03c7a83 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"03c7a83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8098d52 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8098d52\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-52d2dd8\" data-id=\"52d2dd8\" 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Non-EU &hellip; <\/p>\n","protected":false},"author":26,"featured_media":14940,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trend"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU Customs Regulatory Changes: Reminder and Suggested Actions to Shippers - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"Rapid growth of e-commerce means current EU VAT policies are inappropriate, and favor non-EU merchants who are not subject to the same VAT rules. 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