New tax on non-EU items could drastically affect Cyprus consumers

From the start of July, the European Union is introducing a €3 duty on non-EU goods worth up to €150. This affects, among others, major retailers such as the fashion chain Shein and the budget retailer Temu.

The new duty is intended to ensure fairer competition between domestic suppliers and those from third countries. As things stand, however, it means one thing above all else: bureaucratic chaos and uncertainty over responsibilities....