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EU waives customs duties, VAT on imports of medical equipment

Devender Grover by Devender Grover
April 7, 2020
in Associations
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EU waives customs duties, VAT on imports of medical equipment
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The European Union (EU) has announced to temporarily waive customs duties and value-added tax (VAT) on the import of medical devices, and protective equipment, from non-EU countries to help the fight against coronavirus. The decision to approve the requests from member states and the UK was made to make it easier financially to get the medical equipment that is desperately needed. The measure will apply to masks and protective equipment, as well as testing kits, ventilators and other medical equipment. It will be effective until 31st July, with a possibility for further extension.”This is our contribution to ease the pressure on prices for medical and protective equipment and to make them more affordable,” said European Commission President Ursula von der Leyen via a video message on Friday, Xinhua reported.

She made an example that in Italy, the customs duties of 12 percent and the value-added tax of 22 percent is levied on some face masks, or protective garments imported from countries like China. The decision will make them one-third cheaper. For ventilators, the average value-added tax rate is 20 percent. On March 20, the European Commission, the EU’s executive invited all member states, as well as the UK, to submit a request to waive customs duties and VAT on the importation of protective and other medical equipment from third countries. All member states and the UK have done so. The decision takes effect retroactively from 30 January.

Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

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