On 5 June 2020, the European Commission decided to adopt an Implementing Regulation to extend the transition period for the application of the registered exporter (REX) system in certain beneficiary countries of the Generalised System of Preferences (GSP).
On 5 June 2020, the European Commission decided to adopt an Implementing Regulation to extend the transition period for the application of the registered exporter (REX) system in certain beneficiary countries of the Generalised System of Preferences (GSP).
The new rules were put in place as the COVID-19 pandemic has led to some countries experiencing serious difficulties respecting the 30 June 2020 time-limit for the application of the REX system. The GSP beneficiary countries concerned by the Regulation are the ones which started to apply the REX system as from 1 January 2019 and for which the transition period was supposed to end at the latest on 30 June 2020.
The GSP beneficiary countries interested in the possibility of extending the transition period should notify DG TAXUD by 15 July 2020 at the latest.
More information is available on the Registered Exporter system webpage.
Details
- Publication date
- 8 June 2020
- Author
- Directorate-General for Taxation and Customs Union