VAT news tagged as "Importing"

Spain

Spain introduces import VAT deferral

November 3rd, 2014

Spain is set to launch an important import VAT postponement regime which will offer importers major cash-flow incentives. It will join similar schemes in the UK and other EU member states.  However, the Dutch and Belgian Dutch deferment schemes remain the most attractive given their potential to avoid cash payments altogether. The new scheme should …


Romania

Romania offers wider VAT deferment scheme to importers

December 13th, 2013

Romania has extended its import VAT postponement scheme according a Ministry of Finance Order issued at the end of last month. Current Romanian import VAT postponement Currently, only the holders of specialised VAT deferment certificates are offered the opportunity to postpone the cash payment of import VAT.  Typically, these are the very largest taxpayers, who …


France

France withdraws VAT Répondant scheme increasing cash flow burden

August 12th, 2012

From the 1 October 2012, non-resident VAT companies trading in France will no longer be permitted to use the VAT répondant scheme, which helped them reduce their French VAT cash flow risks.  This change follows a ruling by the European Court of Justice that the scheme did not comply with EU VAT rules. The current …