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Daily News Hungary Daily News Hungary · 17/06/2021
· Business

Hungarian postal service changes customs clearance fees to comply with EU regulations

European Union Hungary Magyar Posta money trade transport
hungarian postal services

Photo: www.facebook.com/Magyar Posta

Hungarian postal services company Magyar Posta will change its customs clearance fees from July 1 to comply with changes in European Union regulations, the company said on Wednesday.

Magyar Posta noted that products ordered from outside the European Union with a value of less than 22 euros 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 with online payment, the customs clearance fee will be 399 forints (EUR 1.14) for products with a value of less than 10 euros and 499 forints for items worth 10-22 euros. However, if the recipient pays by cash on delivery, the fee will be 799 forints, or 899 forints, respectively.

For products with a value not exceeding 150 euros, there will be a uniform fee of 399 forints if the customer pays the webshop price including VAT.

The number of customs clearance procedures is estimated to increase 70-80 times due to the abolition of the VAT exemption.

Magyar Posta prepared for the change in legislation by investing billions of forints into IT development, automated procedures and logistics capacity expansion.

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Source: MTI

European Union Hungary Magyar Posta money trade transport
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2 Comments

  1. Anonymous says:
    17/06/2021 at 11:57

    I will never buy anything out of the EU again. I don’t need the headache dealing with this for a 1 dollar product from China.
    The funny thing is that: Magyar Posta prepared for the change in legislation by investing billions of forints into IT development, automated procedures and logistics capacity expansion. All that for taxing a dollar products.

  2. Anonymous says:
    19/06/2021 at 01:43

    Idiots spend insane money to create a system to collect miserable fees instead of creating online kormanyablak services and updating ancient tax forms.

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