News

On 20 February 2024, Member States decided to remove four jurisdictions – the Bahamas, Belize, Seychelles, and Turks and Caicos Islands – from the EU list of non-cooperative jurisdictions for tax purposes (Annex I). The Bahamas and Turks and Caicos Islands were fully delisted.

We talked to two of the DG TAXUD architects behind the new rules and the information sharing system underpinning them about how the new system will work to help Member States recoup much-needed VAT revenues!

The EU Excise Movement and Control System (EMCS) is the trans-European system for the movement of excise goods (tobacco, alcohol and energy products) across the EU. The system is in place since 2011 and currently used by more than 200,000 registered operators. The system has been improved and expand

On 12 February 2024, the Commission Delegated Regulation 2024/249 adopted by the Commission on 30 November 2023 has been published in the Official Journal.

The Commission is aware of technical issues which have led to some businesses being unable to submit data and reports related to the EU Carbon Border Adjustment Mechanism (CBAM) and the Import Control System 2 (ICS2).

Commission publishes default values for determining embedded emissions during the CBAM transitional period and updated guidance on reporting obligations

The Commission has today adopted the Implementing Decision on the new Union Customs Code (UCC) Work Programme which replaces the one in force since 2019.

On 7 December 2023, the PEM Joint Committee adopted the new and modernised rules of origin that aims to increase trade between the European Union and neighbouring countries in the Pan-Euro-Mediterranean (PEM) region.

The Commission has successfully completed the negotiations with Norway to amend the EU-Norway agreement on administrative cooperation, recovery assistance and combating fraud in the field of VAT.