Does your company trade with non-European countries? This raises the question of the VAT treatment of these purchases/sales with third countries:
- Is VAT due on the import of goods into Europe?
- Who pays the import VAT?
- what is the custom value?
- How to recover import VAT?
- How to export VAT free?
These are the main VAT questions that businesses trading with non-European countries (third countries) ask themselves.
As soon as you trade with non-EU countries, you are either importing (for goods entering the EU) or exporting (for goods leaving the EU). In addition to customs formalities, your business also has to comply with a number of VAT rules.