- The EU-Central America Association council has adopted Decision No 1/2023, which modifies the list of working or processing required on non-originating materials to obtain originating status, reflecting the Harmonised System (HS) 2022.
- The Decision will enter into force 180 days after adoption on 29 December 2023 and will update the product-specific rules of origin set up in the Appendix 2 and Note 4 of Appendix 2A to Annex II.
- The update concerns the definition of “Originating Products” and “Methods of Administrative Cooperation” to the Agreement establishing an Association between the EU and its Member States, and Central America.
- The product-specific rules of origin reflect the HS 2022 adjustments. The tariff codes for products of Chapters 61 and 62 within annual quotas are also adjusted to reflect the HS 2022 update.
Source Taxation-customs.ec.europa.eu
Latest Posts in "European Union"
- General Court T-689/24 (Dyrektor Krajowej Informacji Skarbowej) – Judgment – VAT deductible for the right period if you get the invoice before filing
- General Court T-643/24 (Credidam) – Judgment – Unlicensed use of protected works is fully taxable with VAT on all remuneration
- ECON Urges Reform of EU Financial Services VAT Exemption and Clarification of Emerging Services
- AG Kokott Clarifies VAT Impact of Transfer Pricing Adjustments in Stellantis Portugal Case
- VAT on Asset Transfers Between Spouses’ Separate Businesses: Recent Legal Developments and Tax Implications
