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UE Combined Nomenclature and level of exercise duties applicable in 2021

In this issue:

The following have been published

  • EU Combined Nomenclature for 2021*
  • The level of excise duties applicable in 2021
 

*Commission Implementing Regulation (EU) 2020/1577 amending Annex I to Council Regulation (EEC) no. 2658/87 on the tariff and statistical nomenclature and on the Common Customs Tariff

     1. Combined Nomenclature 2021

A new version of the Combined Nomenclature (CN) was published by the European Commission on 30 October 2021 in the Official Journal L280 and will enter into force on 1 January 2021.

What are the main amendments?

The CN constitutes the basis for the customs declaration of goods and is also used for excise duties, VAT, Intrastat purposes. The CN determines the tariff code and the rate of customs duty that applies to a specific product.

In the 1 January 2021 version of the CN, new tariff codes have been introduced, some in the context of the Covid-19 pandemic. The classification of certain substances in the list of common names for pharmaceutical substances (in the Annexes of this Regulation) has also been amended.

Among the new tariff codes introduced are:

tax alert 76 table

What does this mean for you?

Starting 1 January 2020, the new or amended tariff codes will be used. Consequently, it should be analyzed to what extent your customs declarations and authorization held (e.g. special customs regime, excise), Intrastat declarations, and also operations involving transactions with United Kingdom are affected by the CN 2021.

 

     2. The level of excise duties applicable in 2021

On the Ministry of Finance website has published the document containing the level of excise duties applicable in 2021.

The level of excise duties increases for most excisable products by approx. 3%, representing the average rate of consumer prices in the last 12 months compared to the previous 12 months, communicated by the National Institute of Statistics in October.

 

The EY Team is available for further clarifications and information regarding the Combined Nomenclature applicable in 2021.

 
Prepared by:
Daniela Neagoe ― Senior Manager, Indirect Tax
Mihai Petre ― Director, Indirect Tax
 
For additional information, please contact:
Alex Milcev, Partner ― Tax & Law Leader Romania
Georgiana Iancu, Partner ― Leader of the Indirect Tax Department
 
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