Get to Know Our Compliance Solution for the UK

With the UK’s official withdrawal from the European Union, relations between British and EU-based traders took new commercial, political and even social directions. Currently, countries on both sides are struggling to comply with numerous new rules and requirements that have added more complexity to the flow of goods in the region. Although economic agreements facilitate […]

Get to Know our Landed Cost Calculation Engine

In the intricate web of global logistics and supply chain management, one crucial element stands out: the Landed Cost Calculation (LCC). This tool serves as the compass for decision-makers, meticulously deciphering and evaluating every step of the shipment process to unveil the true cost implications. At My Duty Collect, our state-of-the-art Landed Cost Calculation engine […]

5 Things You Should Know About the Classification of Goods In The EU

Navigating the classification of goods within the European Union (EU) can be a complex task for importers and exporters alike. Understanding the nuances of EU customs regulations is essential for smooth cross-border transactions. Here are five key insights to help you master the classification of goods in the EU: – READ MORE: The Importance of Landed […]

The ViDA Proposal: Revolutionizing VAT in the Digital Age

The European Commission’s proposal on VAT in the Digital Age (ViDA) marks a significant step toward modernizing the European Union’s VAT system. Unveiled in December 2022, ViDA aims to address the challenges posed by the digital economy and streamline VAT processes across EU member states. This blog post provides a concise overview of the key […]

New EU Customs Reforms to Impact Shoppers and eCommerce Giants

The European Union (EU) is introducing significant customs reforms in the e-commerce sector, aiming to address fraudulent practices and streamline the import process. These reforms will affect shoppers purchasing goods valued under €150 and will also target eCommerce giants like Amazon, preventing them from imposing hidden fees and unexpected paperwork on customers. In addition to […]

ViDA VAT vs. Traditional VAT: Differences for European Businesses

The world of taxation is constantly evolving, and European businesses are no strangers to the ever-changing landscape. The introduction of the ViDA VAT has brought about significant changes, prompting businesses to understand how it differs from the traditional VAT system. In this blog post, we’ll delve into the differences between ViDA VAT and Traditional VAT, […]

Unraveling the Distinctions: HTS vs HS Codes

In the world of international trade, accurate classification of goods is crucial for seamless customs procedures and efficient global commerce. Harmonized System (HS) codes and Harmonized Tariff Schedule (HTS) codes play a pivotal role in this process. While these codes may seem similar, they have distinct purposes and are employed by different regions and countries. […]

Understanding the Difference Between Import Taxes in the US and the EU

When it comes to international trade, import taxes play a significant role in regulating commerce and protecting domestic industries. Understanding the differences in import tax systems between the United States (US) and the European Union (EU) can help businesses and individuals navigate the complexities of cross-border transactions. In this blog post, we will delve into […]