STS: Overseas Purchase and Resale by Residents to Non-Residents Exempt from VAT

• The STS clarified VAT rules for residents purchasing and reselling goods abroad.
• Such transactions between a resident and a non-resident are not subject to VAT.
• The goods must not enter the country during the transaction.
• The clarification aims to prevent double taxation and ensure compliance with VAT regulations.

Source: research.ibfd.org

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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