Withdraw VND 1m VAT-exemption on B2C imports From 18 February 2025, all B2C low-value consignment imports to Vietnam will be subject to 10% VAT. Previously, there was a VND 1million (approx US$40) exemption. The threshold was introduced in 2010 for shipments mad vis express delivery.
Option to defer import VAT payments until next VAT return The Slovak Republic now enables importers to avoid the cash payment of import VAT by introducing deferred VAT from 1 July 2024. Traders are able to report the import through their Slovakian VAT return and
SARS scraps 15% import VAT exemption on consignments below 500 rand from 1 September 2024 The South African Revenue Service (SARS) has imposed on all imported consignments for B2C sales 15% VAT. This came into effect from 1 September 2024. Previously, parcels below 500 rand
New Administrative Guidelines for French import VAT deferment Following a public consultation in 2023, the French tax office published new Administrative Guidelines for the use of its Deferred or Postponed VAT Accounting for importers. Since January 2022 (see below) this has offered importers the opportunity
Avoid paying import UK VAT on goods arriving from the EU or rest of world The UK introduced its new deferred import VAT regime, Postponed VAT Accounting (PVA) following its departure from the EU VAT regime from 1 January 2021. The relief will enable importers
ECJ rules that Indirect Representative not liable for VAT; only customs duties The Court of Justice of the European Union has ruled the mandatory indirect representatives are not jointly and severally liable for the VAT of their importer clients. Representative agents act on behalf of
European countries compete to attract import business with reverse charge import VAT with no cash payments Most European Union member states offer cashflow assistance for importers of goods into their country. France’s 2022 import VAT scheme is the latest new addition. This can be VAT
Following the UK leaving the EU Customs Union and VAT regime, it’s possible on temporary imports to reduce cash payments on custom and VAT Following Brexit, it is possible to apply for a delay or reduction on import VAT and any customs duties you may
€2.7 billion potential fine – ECJ finds UK “failed to fulfil its obligations” failing to collect proper customs duties The British government faces paying a hefty charge to the EU after the European court of justice ruled it had been negligent in allowing criminal gangs to
Withdrawal of Value Added Tax exemption on imports below $75 Israel is set to follow many countries be implementing VAT on low-value goods consignments sold to its consumers from 1 January 2022 at the earliest per the much-delayed 2021/22 budget from the Finance Ministry. Any
