Browsing: Duty

The EU’s new parcel duty is putting pressure on low-cost imports. Sales on Shein, Temu, and AliExpress have fallen sharply in Germany, while customs authorities across Europe report fewer small shipments. The early results suggest the charge is changing trade, although European retailers have yet to see clear benefits.

The NSW, Victorian, and Western Australian governments have considered providing stamp duty relief for discretionary trust restructures, ahead of the potential passage of the minimum tax law, tipping the balance on stamp duty across the nation.

LONDON, Oct 28 (Reuters) – Britain’s finance minister John Healey said on Wednesday he would ‌maintain a freeze on the level of ‌fuel duty rates, extending a five-pence temporary cut introduced in ​2022 until at least July.

For a long time, low-cost shipments originating in China have been arriving in large numbers at European doorsteps, with apparel, accessories, electronics, and household goods bought on Shein, Temu, or AliExpress delivered straight to buyers for only a few euros. This arrangement, which some regard as an intrusion, is now facing serious crackdowns by the…

Add to Google Preferred Sources The European Union’s new €3 flat customs duty on parcels worth €150 or less has caused a 30-40% drop in small parcel imports from China since taking effect on July 1. French customs data shows Temu’s sales volumes fell 50%, AliExpress declined 37%, while Shein proved more resilient with a…

The EU ended the duty exemption for low-value imports worth €150 on July 1, 2026, replacing it with a €3 duty. The measure has already added pressure to a business model built around large volumes of inexpensive cross-border parcels. For ePost Global, however, the first 45 days have not brought a decline in overall volumes.

The Bank of England is to be handed a legal duty to promote innovation in payments and digital money, in the clearest signal yet that ministers want the central bank to move faster on stablecoins.