On 2 December 2021, the Commission published its annual VAT Gap report which measures the overall difference between the expected VAT revenue and the amount actually collected in EU Member States.
The European Commission has launched a new Customs Risk Management System (CRMS2) to reinforce the EU’s customs controls, and protect EU citizens and businesses, as well as the EU’s financial interests.
Introductory remarks by Commissioner Gentiloni at the European Parliament's Subcommittee on Tax Matters, 30 November 2021
Fake products with a value of almost €2 billion were seized in the EU’s internal market and at external borders in 2020, according to the first joint annual report published on 30 November 2021 by the European Commission’s DG TAXUD and EUIPO.
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The PEM transitional rules of origin are applicable between the EU and the Republic of Moldova as of 16 November 2021.
Value limits expressed in Euro and corresponding amounts in national currencies for Central America have been published.
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Value limits expressed in Euro and corresponding amounts in national currencies for the Pan-Euro-Mediterranean zone have been published.
Wallis & Futuna has fulfilled the two pre-requisites and is applying the REX system as from 27 October 2021.