EU: Updated AEO guidelines released

EU: Updated AEO guidelines released

The European Commission today released updated Authorised Economic Operator (AEO) guidelines.

Related content

As noted in the EC release,  EU Member States can grant the AEO status to any economic operator meeting the following common criteria: 

  • Customs compliance
  • Appropriate record-keeping, financial solvency and, when relevant, appropriate security and safety standards

The status of AEO granted by one EU Member State is recognised by the other EU Member States. This does not automatically allow AEO to benefit from simplifications provided for in the customs rules in the other EU Member States. However, other EU Member States are to grant the use of simplifications to AEOs if they meet specific requirements and without re-examining criteria that have been already checked.

Economic operators can apply for an AEO status either to have easier access to customs simplifications or to be in a more favourable position to comply with the new security requirements. Under the security framework, which has been applicable since 1 July 2009, economic operators must submit pre-arrival and pre-departure information on goods entering or leaving the EU. The security type of AEO certificate and the combined one allow their holders to benefit from facilitations with regard to the customs controls relating to security. AEO holders also may benefit from mutual recognition agreements with countries outside the EU.

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG's new digital platform