FAQ Frequently Asked Questions
The term "dutiable value" of imported goods refers to the transaction value, meaning the price actually paid or payable for the goods when sold for export to the customs territory of the Community.
In addition to the invoiced value, the dutiable value also includes elements such as transportation costs, insurance, commissions, royalties, etc., up to the port of entry in the Community.
Yes. According to current legislation, when the customs authorities have reasons to doubt the truth or accuracy of the declared value, they may request additional documents and information from the importers.
No. The VAT paid at customs is declared in the periodic statement submitted by the taxpayer importer, allowing them to deduct the amount of VAT paid at customs. Therefore, the value-added tax does not constitute a cost for businesses.
Η εξαγωγή αγαθών σε τρίτες προς την Ευρωπαϊκή Ένωση χώρες, ανεξάρτητα από το είδος και τη φύση τους (αγαθά για εμπορική ή προσωπική χρήση), απαλλάσσεται από το Φ.Π.Α. ως εξής :
The export of goods to non-European Union countries, regardless of their type and nature (goods for commercial or personal use), is exempt from VAT as follows:
When the goods are exported by the seller or by another person acting on behalf of the seller: In this case, the seller issues a Sales Invoice to the buyer established in the third country with the indication "VAT EXEMPTION DUE TO EXPORT" and presents the goods for export to the Export Customs Office. As supporting documents for VAT exemption, they keep a certified copy of the Sales Invoice from the Export Customs Office and the certified copy No. 3 of the SAD (Single Administrative Document) from the Exit Customs Office.
The following examples (which do not exhaust the topic) show some documents that customs authorities may request depending on the transaction conditions or in case of doubt about some or all declared elements:
- Commercial invoice of the goods, provided the goods have been sold
- Sales contract, which supports aspects of the invoice (possible restrictions, terms or provisions, costs related to activities undertaken after import, currency in which the price of the goods is set, contracts, or other documents concerning reproduction rights of the imported goods)
- Royalties contract specifying whether royalty payments should be included in the dutiable value and to what extent
- Export declaration of the sender
Yes. By submitting a relevant application to the competent tax office to which your business belongs, you can request a VAT exemption, provided that it concerns new machinery that will constitute business equipment. With the related exemption document, the import proceeds, and only the import duty (if any) is paid at customs.
No, if it is a product of UK origin. With a special declaration of origin on the invoice, only VAT is paid upon import.
Absolutely. If you are still in the research phase, it would be best to contact 360Brokers so that we can inform you about each case individually (duty rates, possible anti-dumping measures, preferential trade agreements). We can provide you with a case-by-case cost analysis so you can choose the most advantageous option for you.