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For businesses involved in international trade taxes can lead to unfair competition due to higher administrative burdens or higher costs e.g. for raw materials. For this reason, the customs legislation includes multiple relief schemes. Examples are duty exemptions, simplifications or suspension regimes. This helps a lot because the tax levy becomes more efficient and cashflow positions can be improved. Do you wish to learn more about the deferral of import VAT (by means of the authorisation article 23) or other relief schemes? Read more information under ‘VAT’ or ‘Excise’ and/or contact one of our experts.