Russia will introduce a duty on the import of goods more expensive than 500 euros

The EAEU countries have been discussing for some time the question of lowering the threshold for duty-free import of goods by citizens for personal purposes. And if now citizens are allowed to import goods to the participating countries by the amount equivalent to € 1500, then from January 1, 2019 this figure will be only € 500.



This decision was unanimously approved and signed by all authorized representatives of the EAEU, and the document itself posted on the official website of the organization. It should be noted that before that there was a phased decrease in the duty-free threshold, and it looked like this. From January 1, 2019, the threshold should have been reduced to € 1000, and the weight of the goods should not exceed 50 kg. From January 1, 2020 - € 750, if the weight does not exceed 35 kg. From January 1, 2021 - € 500, if the weight does not exceed 25 kg.

November 1, 2018 Eurasian economic The Commission (JAC), by its decision No. 91, canceled the above phased decrease, agreed in December 2017, and decided to expedite the process. So from January 1, 2019, according to the new rules, land transport can carry (without duty) goods worth € 500, but its weight should not be more than 25 kg.

As for the import of goods into the EAEU countries by air, everything will be as before. The price of the goods should not be more than 10 thousand euros, and its weight cannot be more than 50 kg. Such a reverent attitude towards air carriers is easily explainable, because any “body movements” can affect the passenger flow, and therefore, the profits of companies. And they need to be protected, and profit, and companies. So the decrease in duty-free rates will affect mainly cross-border trade.

However, if the cost or weight of imported goods is greater than the specified standards, then citizens will have to pay a duty of 30% of its price, and 1 kg of weight will cost at least € 4. The latter needs to be clarified in more detail.

If you carry the goods, and its price exceeds the permissible norm, but at the same time “fits” in the indicated kilograms by weight, then you will pay only a fee of 30% of the total cost of the goods or goods. If the weight of your product exceeds the established norm, and at a price you “fit” into the allotted monetary framework, then you will pay a minimum of € 4 for each “extra” kilogram of the total weight of the product or goods. If you have excess in weight and price, then you are very unlucky.

It is necessary to clarify that the standards for imported tobacco and alcohol will not change and will remain as they were before. Citizens, from eighteen years old, will be able to import up to 200 cigarettes or 50 cigars, or 250 g of tobacco, and 3 liters of alcohol.

And this is right, because the less foreign goods get into the territory of the EAEU, the more citizens will spend money inside, and this is excise tax and VAT, which is good for the budget. For example, only in Russia annually tourists bring in the form of "souvenirs" 21 million liters of duty-free alcohol.
  • Photos used: https://en.depositphotos.com/
Ad
We are open to cooperation with authors in the news and analytical departments. A prerequisite is the ability to quickly analyze the text and check the facts, to write concisely and interestingly on political and economic topics. We offer flexible working hours and regular payments. Please send your responses with examples of work to [email protected]
Information
Dear reader, to leave comments on the publication, you must sign in.