VATupdate

New version of the EU Guidance on Customs Valuation

Recently, the European Commission published a new, adjusted version of the Guidance on Customs Valuation, holding amongst others the removal of the “domestic sales” paragraphs. In addition, the new Guidance holds further explanation regarding the application of the transaction value method when sales in a customs warehouse can be used as well as new examples on potentially dutiable royalty payments to 3rd parties.

Source: PwC

Sponsors:

www.vatupdate.com

Advertisements:

  • VAT news
  • VAT News
  • VAT news
  • VAT news
  • VAT news