- European Commission released updated guidelines in the Customs Valuation Compendium in April 2024
- Customs valuation determines economic value of goods imported into the EU
- EU applies 6 valuation methods, with transaction value method being primary
- Compendium helps customs authorities and businesses correctly value goods for customs purposes
- Recent updates include valuation of damaged goods, buying commissions, and prototype cars
- EU Customs Valuation Compendium is crucial for accurate valuation in customs processes
- Be aware of the high relevance of customs value in the EU
- Use the Compendium as a key resource for understanding and applying EU customs valuation rules.
Source: michaelamerz.org
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.
Latest Posts in "European Union"
- Roadtrip through ECJ Cases – Focus on ”Free Products” (Art. 16)
- Briefing document & Podcast: C-438/13 (BCR Leasing Case) – Relief for Leasing Firms Facing Asset Non-Recovery
- VAT Neutrality and Tax Fraud: Implications of Recent Jurisprudence
- Blog Luc Dhont: How Can Multinationals Comply with VAT on Transfer Pricing Adjustments Post-ECJ Arcomet?
- ECJ Opinion Sheds Light on VAT for Ancillary Services in German Accommodation Sector
