Import customs clearance witout payment of VAT tax at the time at which it is carried out, this is socalled fiscal customs clearance.
Thanks to fiscal customs clearance deferring payment of VAT tax, your company significantly improves ist finacial liquidity.
More and more EU importers are taking advantage of the capability of improving their financial liquidity by using fiscal clearance when importing goods from third countries.
Fiscal clearance for an EU company may only be performance by a fiscal representative in a different country of the European Union. This is why EU importers who bring in goods by sea, for example, purposely select one of the German ports as the first point of entry for goods into the European Union.
Here, goods are subject to fiscal customs clearance, and after it is concludet, they are admitted for free turnover. The condition for deferral of VAT tax payment is that the goods must reach the destination declared during clearance immediately after clearance. Thus, the customer pays customs, and the goods are immediately transported by land or sea to another country in the European Union.
The customer recives cleared goods and can dispose of them at will mmediately.
The customer does not pay VAT tax on import, setting it at a later time within the framework of monthly tax statement at their Tax Office as a tax on intracomunity purchases goods.
Advantages of fiscal clerance:
Conditions that must be met by the client: