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EAEU Extends Increased Duty-Free Threshold for Import of Goods for Personal Use and Import Duty Exemption for Critical Goods — Orbitax Tax News & Alerts

The Eurasian Economic Commission (EEC) has announced its recent approval of an extension of the temporary increase in the duty-free (exemption) threshold to EUR 1,000 (or 31 kg) for goods that are imported by individuals for personal use. The exemption was previously scheduled to expire on 1 October 2022 and is now extended to 1 April 2023 (up to 31 March 2023).

In addition to the increased exemption threshold extension, the ECC has also announced its decision to extend zero rates of import customs duties and tariff exemptions for certain critical imports from 1 October 2022 to 31 March 2023. The extension covers raw materials for pharmaceutical and chemical products, varnishes, dyes, textile and leather processing agents, certain types of adhesives and starches, plastics, rubber and products made from them, certain cellulose products, raw materials from wool, cotton, and linen, chemical threads, yarn, and fibers. The extension also covers some finished products, such as medicines, medical equipment, and reagents for laboratory research.

The EEC decisions apply for all members of the Eurasian Economic Union (EAEU), which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.