VAT – Cross border sales of goods
Incoterms stands for International Commercial Terms.
These are published by the International Chamber of Commerce (ICC) and describe agreed commercial terms. These rules set out the responsibilities of buyers and sellers for the supply of goods under a contract. They are very commonly used in cross-border commercial transactions in order that both sides in a transaction are aware of the contractual position. They help businesses avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. The latest terms were published in 2010 and came into effect in 2011.
Source Marcus Ward
Latest Posts in "World"
- Zampa VAT Newsletter Q.4 2025
- Withholding VAT on Non-Resident Digital Services: Mechanisms, Compliance, and Global Approaches
- OECD Issues Guidance on Digital Continuous Transaction Reporting for VAT Compliance and Implementation
- Why E-invoices Get Rejected After Validation: 9 Essential Data Enrichments for Compliance
- Global VAT and Indirect Tax Rate Changes Effective in 2026: Key Updates by Jurisdiction
