News

The European Commission is pleased to announce that the transition to NCTS-P5 is nearing completion.

The EU-Chile Interim Trade Agreement (ITA) will enter into force on 1 February 2025, replacing the previous EU-Chile Association Agreement. 

As of 1 February 2025, Georgia will become the latest country to join the Common Transit Convention and the Convention on the Simplification of Formalities in Trade in Goods.

29 countries (Member States and other countries which are part of the Common Transit Convention) have deployed the new phase 5 of NCTS and in all countries the operations are running smoothly.

On 12 December, the 16th meeting of the Pan-Euro-Mediterranean (PEM) Convention Joint Committee took place in Brussels, marking a significant milestone in the lead-up to the entry into force of the Revised PEM Convention on 1 January 2025.

Most EU Member States made significant progress in Value-Added Tax (VAT) collection between 2018 and 2022, according to a new report released by the European Commission today.

Heads of Tax Administrations discussed how to address common challenges

On 10 December 2024, the Council agreed on the new directive proposal from the Commission to introduce an electronic tax certificate for VAT exemptions.

On 29 November 2024, the Trade Committee established by the Trade Agreement between the EU and Colombia, Peru and Ecuador updated the list of working or processing operations required to confer originating status on products manufactured from non-originating materials.