VAT

VAT

  • CN TO EU SHIPMENT VAT

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    QUESTION: If we have shipments out of China to EU under DAP, do we, as a seller, have to pay VAT? The incoterms spells out that, under DAP term, the buyer is responsible for all import related duties and taxes. But VAT is not exactly import-related. I did some research online and many mentions that […]

  • VAT NUMBER REQUIRED FOR O/BL TO EU

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    QUESTION: We are shipping material from Asia directly to our EU subsidiaries and sometimes directly to their customers.   Many of the contracted ocean carriers insist on getting the VAT numbers of the parties on the bill of lading (consignee and notify parties).   This VAT number does not show up on the bill of […]

  • VAT PIPE IMPORTED INTO CHINA

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    QUESTION: Would any members know the VAT applicable to pipe imported into China? ========= If you are classifying steel pipes into China in 730439… then the VAT is 17%. ==========

  • MAQUILA NAFTA AND VAT

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    Question: Company A ships US and non US origin parts to company B (shelter company in Mexico that operates a Maquila) Maquila does not pay VAT on the parts imported into Mexico. Goods are assembled into a “substantially new and different article of commerce” Goods are Exported from the Shelter Co. (Maquila) Some are duty […]

  • EU VAT EXCLUSION

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    Question: When a qualifying and originating articles are imported into the EU (From Sri Lanka to the Netherlands for example), the duty rate will be 0%, however is VAT also exempted or must the VAT tax still be paid upon importation ? I cannot find any information in the EU Directives, the EU Tariff (TARIC) […]

  • EU VAT AVOIDANCE

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    Question: I’m trying to determine how an aircraft engine needs to be imported into the EU, if VAT charges will be due on disassembled components sold or repaired in the EU, and if there are any other considerations to make.  Any advice will be much appreciated! Details: ·         1 Civil aircraft engine (used) originally assembled […]

  • UK VAT

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    Question: My company has a registered VAT # in the UK, my company does not have a physical location in UK or have an employee that represents the company or pay taxes in the UK. My company used an agent in UK to apply for our VAT #. My company is partnered with a UK […]

  • QUESTION ON VAT

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    Question: I wanted to see if anyone in the group has a process in place to manage VAT charges that are due in other countries? Specifically: How to confirm when VAT is actually due How to confirm correct percentages specific to each country are being charged? Confirmation VAT is being paid in each country as […]

  • MX TAX LAW FOR VAT

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    Question: Tax laws are changing in MX for VAT. I am looking for ways to get in front of these changes. Is the bonded warehouse provision in Mexico the same as the bonded warehouse scenario in the US, meaning that the goods, when entered into the MX bonded warehouse there is no MX importer of […]

  • EU VAT FOR NRI

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      Question: We are a US company and we export/sell to EU nations. We are charged VAT at import and since we are not a registered legal entity in the tax system of the respective EU nations, we pay the VAT with no current way of recovering when we up sell to our EU customer. […]