The Spanish Customs Authorities (“SCA“) have released new guidelines (available only in Spanish) on provisional customs values and simplified declarations. The aim is to clarify the utilization of simplified declarations foreseen in Article 166 of the UCC due to the high number of queries from operators. The current guidelines supplement previous guidelines on this issue (our tax alert about them can be found here).
Through the new guidelines the SCA analyses the proper method to address situations where the customs value is not definitive and explains a new procedure introduced in relation to the lodging of supplementary declarations.
Source Baker & McKenzie
