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Italy Postpones Effective Date of VATs on Certain Goods
May 6, 2019 |Europe

Italy delayed the effective date of value-added taxes on “remote sales” of certain goods through “electronic interfaces,” including mobile phones, video game consoles, tablets and laptops, according to a May 2 notice from KPMG. The taxes will take effect Jan. 1, 2021, KPMG said, and VAT payments on remote sales are not required for the first quarter of 2019. However, KPMG said that beginning July 1, 2019, “taxable persons that make such remote sales have a reporting obligation for transactions conducted between” Feb. 13 and May 1 this year. The changes were announced as part of a decree regarding “urgent economic growth measures” published April 30, KPMG said. The decree also expanded the VAT reporting requirements for sales of all goods through “an electronic interface.”

EU Drops Retaliatory Tariffs on US Jeans, Corn, Cranes and Glasses Frames to Almost Zero
May 1, 2019 |Europe

The European Union is setting to almost zero its long-standing retaliatory tariffs on certain U.S. products for U.S. distributions of antidumping and countervailing duties to affected U.S. industries, it said in a notice. With distributions amounting to only a few thousand this year, the tariff, which applies to corn of EU subheading 0710.40.00, jeans of EU subheading 6204.62.31, mobile cranes of heading 8705.10.00 and eyeglasses frames of former subheading 9003.19.00, will fall to 0.001%, down from 4.3% last year. The new tariff rates take effect May 1.

EU Court Clears Way for Full Ratification of EU-Canada Free Trade Agreement
May 1, 2019 |Europe

The European Court of Justice on April 30 upheld a controversial provision of the recent trade agreement between the European Union and Canada, clearing the way for full ratification of the Comprehensive Economic and Trade Agreement. The court ruled that the investment court system set out in CETA does not conflict with EU treaties. “The decision by the Court means that no changes have to be made to the text of the EU-Canada agreement and Member States' ratifications can proceed,” the European Commission said in a press release. “Equally, no change will be required in the ICS provisions included in the agreements with Singapore, Mexico and Vietnam. The Commission will continue to negotiate the Investment Court System in bilateral agreements with other partners,” the release said. “The agreement with Canada is under provisional application since September 2017 and can only enter fully into force once ratified by all Member States and concluded by the Council.”

Daimler Says It Doesn't Know How North Korea Got Its Cars
April 30, 2019 |Europe

It's unclear how North Korean leader Kim Jong Un got the armored Mercedes-Maybach limousines made by Daimler that Kim used for several recent meetings with international leaders, a spokesman for the company said. In an April 29 email, a Daimler spokesman said the company has a “comprehensive export control process” to “prevent” all sales to North Korea. “We have no indication how those vehicles have come to the use of” North Korea, he said. Exports of luxury goods to North Korea are banned under United Nations sanctions, and sanctions imposed by the U.S. allow the Treasury’s Office of Foreign Assets Control to designate any person who “engages in a significant export to or import from North Korea,” according to the Treasury.

Topics:Bureau of Industry and Security (BIS), Exports to China, Iran Export Controls, OFAC, OFAC Sanctions Activity, SDN List