- Triangular operations, also known as “cross trade,” involve three parties from two or three different countries, with two invoices and a single physical flow of goods.
- However, there are many tax and customs issues to consider, such as which incoterms to use, how to write import and export customs, which invoice to use for each formality, and who is responsible for proving preferential origin.
- Four essential customs and tax concepts to consider are the concepts of tax and customs importer, fiscal and customs exporter, preferential origin, and the holder of public order documents for export.
- These concepts can be complex and varied, making it important to approach them with precision and give effective instructions to your customs declarant.
Source Mathez Formation
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