- EU customs reform is the biggest overhaul since 1968
- Reform focuses on Union Customs Code, Trust & Check Trader status, and e-commerce regime
- Modernization needed due to rise of e-commerce and to tackle customs tax fraud
- Future EU Customs Union will be based on partnership between EU Customs Authority and traders
- Traders should prepare for upcoming challenges and identify opportunities and risks
- Key aspects of reform include EU Customs Authorities, EU Customs Data Hub, and Trust & Check Trader status
- Changes to e-commerce include abolishment of customs duty relief for low value consignments
- Proposed timeline for reform discussed
- Webinar recording available for access
Source: globalcompliancenews.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
