EU Customs FAQ: The €150 Exemption Is Going Away — What Changes?

Q: Is there still a duty-free threshold for parcels under €150? A: The EUR 150 customs duty exemption for low-value consignments is being abolished. All consignments may be subject to customs duty regardless of value. Until confirmed, treat every parcel as potentially dutiable (PLACEHOLDER, pending legal review). Q: What is IOSS and does it apply to me? A: IOSS (Import One-Stop Shop) lets sellers collect EU VAT at checkout for consignments up to EUR 150. BUYCN's IOSS registration status is not yet confirmed; until then, VAT may be collected from you at import. Q: How much is VAT in the EU? A: Standard VAT rates vary by member state (placeholder: 19%–25%). Duty rates depend on the product HS code. Disclaimer: Placeholder figures pending legal and logistics partner review; not tax or legal advice.