The impact of a subsequent adjustment of transfer pricing on the customs value of imported goods is an important issue for companies that purchase goods from third countries. Now the German Federal Fiscal Court has finally ruled that subsequent flat-rate adjustments to transfer pricing may no longer affect a customs value once it has been declared. The main customs offices will therefore now have to change their practice on post-release recoveries in the case of subsequent debit charges. Companies concerned should object to post-clearance recovery assessments and, if need be, request that the execution be suspended.
Source KMLZ
Latest Posts in "Germany"
- VAT Treatment of Online Events: Place of Supply, Exemptions, and Recent Administrative Guidance
- Germany Clarifies Input Tax Deduction Rules for Small Businesses Transitioning to Standard Taxation
- BFH Ruling on Average Rate Taxation Under § 24 UStG: New Application Guidelines from BMF
- New E-Invoice Rules: Mandatory Validation and 8-Year Storage of Validation Reports in Germany
- Germany Updates FAQs on Mandatory E-Invoicing: Key Clarifications and Transitional Provisions Explained
