In general, imports in the EU are charged with customs duties and VAT unless they are specifically exempt. VAT Directives and Customs Regulations provide for an exemption for the importation of consignments with a negligible value. The low value consignment relief for VAT (hereinafter 'LVCR')...

The European Commission has requested EY to perform an "Assessment of the application and impact of the VAT exemption for importation of small consignments". The European Commission seeks to evaluate to which extent the VAT exemption for importation of small commercial and private consignments...

This study compares three different categories of taxes on wealth and the transfer of wealth: - Inheritance and gift; - Real estate and land; - Net-wealth. Inheritances are taxed in 20 Member States and gifts in 21. One of the main characteristics of both inheritance and gift taxes is the...