Do I need to pay VAT upon importation of good?
Your business imports goods from non-EU countries (USA, China, UK, Switzerland, etc.)? Both customs duties and VAT should normally be paid by your company in the EU country where the goods are customs cleared. It means that your company will prefinance an important of VAT since the VAT must be paid immediately but can only be recovered in the VAT return.
How to avoid the prefinancing of VAT?
EU countries are allowed by VAT directive to provide for techniques or mechanisms to defer the payment of import VAT In that legal context, several Member States have adopted postponed accounting and deferred payment measures for VAT on imports.
Source vatdesk.eu
