Meeting Conditions for Procedure 42/63 and VAT Declaration for Imports in VAT Return – Tax Representation

• Conditions for procedure 42/63 defined in articles 1 and 2 of the Value Added Tax Act
• Conditions for showing VAT on import in VAT return at import in articles 6 and 7 of the Value Added Tax Act
• Conditions must be met at the time of filing the customs declaration and at the release of goods
• Important for tax representations with specific tax periods
• Recent cases of customs declarations filed near the end of tax representation validity
• Goods cannot be released if tax representation is invalid after customs declaration control
• Importers and their customs representatives should ensure compliance with conditions, especially maintaining valid tax representation period

Source: fu.gov.si

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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