As of April 15, imports into the European Union of certain products originating in the United States will be subject to an additional ad valorem tariff in the range of 4.4 to 25 percent, with some of these products potentially exceeding a total tariff of 50 percent.

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The latest Official Gazette publications have introduced several tax reforms affecting Value Added Tax (VAT) and Excise Duties (IIEE), particularly as they directly affect the management of fuels, diesel and biofuels.

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Electronic Cigarette Tax

In recent days, the Spanish Official Gazette has published several tax reforms introducing new taxes, among them the creation of the Tax on Liquids for Electronic Cigarettes and Tobacco-Related Products.

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EU-Kenya Trade Agreement

On July 1, 2024, the new Trade Agreement between the European Union and Kenya came into force. The primary objective of this Agreement is to support the African state’s integration into the global economy through trade liberalization, promoting sustainable development, and contributing to the eradication of poverty.

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