Covid-19: EU waives duties, VAT on imported medical devices until July 31

The decision will make them one-third cheaper. For ventilators, the average value-added tax rate is 20%

The European Union (EU) has announced to temporarily waive customs duties and value-added tax (VAT) on the import of medical devices, and protective equipment, from non-EU countries to help the fight against coronavirus.

The decision to approve the requests from member states and the UK was made to to make it easier financially to get the medical equipment which is desperately needed.

The measure will apply to masks and protective equipment, as well as testing kits, ventilators and other medical equipment. It will be effective until 31th July, with a possibility for further extension.