Magyar Posta changing customs clearance fees
Photo by Shutterstock.com
Hungarian postal services company Magyar Posta will change its customs clearance fees from July 1 to comply with changes in EU regulations, the company said earlier this week, according to napi.hu.
Magyar Posta noted that products ordered from outside the European Union with a value of less than EUR 22 will no longer be exempt from VAT from July 1, and all items will be subject to VAT and customs clearance.
With the change in the legislation, Magyar Posta will introduce a new customs clearance fee system, with fees set in proportion to the value of the products.
If, for example, the consumer paid the price excluding VAT via online payment, the customs clearance fee will be HUF 399 for products with a value of less than EUR 10 and HUF 499 for items worth EUR 10-22. However, if the recipient pays by cash on delivery, the fee will be HUF 799 and HUF 899, respectively.
For products with a value not exceeding EUR 150, there will be a uniform fee of HUF 399 if the customer pays the webshop price including VAT.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.