-
“A simpler and faster Europe: Portfolio Communication on implementation and simplification and the next policy for SME and CBAM
The communication made by EU Commission “A simpler and faster Europe: Portfolio Communication on implementation and simplification”provides some simplifications on the CBAM obligations management. About this topic, the mentioned communication wrote that the CBAM should be simplified and eased for the SME ans small importers. Indeed, it is written: “ Omnibus package on sustainability. This proposal will cover a far-reaching simplification in the fields of sustainable finance reporting, sustainability due diligence and taxonomy. It will ensure better alignment of the requirements with the needs of investors, proportionate timelines, financial metrics that do not discourage investments in smaller companies in transition, and obligations proportionate to the scale of activities of different…
-
Customs value simplification: some thoughts about the TAXUD guidance “valuation simplification under article 73 UCC and article 71 UCC DA”
The customs valuation, together with classification and origin, is one of the three pillars of the customs obligation and its management can be simplified; in this area, of course, the customs value agreement is the main tool to manage in a simplified way this matter. As recalled in the TAXUD guidance VALUATION SIMPLIFICATION UNDER ARTICLE 73 UCC AND ARTICLE 71 UCC DA, the article 73 of the Union customs code, lays down that “…The customs authorities may, upon application, authorise that the following amounts be determined on the basis of specific criteria, where they are not quantifiable on the date on which the customs declaration is accepted: (a) amounts which…