Our Company is authorized in the management of the "warehouse for VAT purposes" with all the concessions and elasticity on goods granted by such a condition, peculiar to our qualification.
VAT warehouses fulfil the need to guard and/or tranfer domestic, Community and extra-Community-goods from one Country to another or within the same Country preventing every single passage from being taxed. In practice, as far as extra-Community-goods are concerned, VAT warehouses will receive goods introduced in free negotiation (thus nationalized) by issueing IMO customs document with the sole payment of the duty (if any) and the possibility to record the on account-VAT when taking out the goods from the VAT Warehouse.
All those import firms benefitting from this respite of the payment of VAT will have a double financial advantage
- the payment of VAT can be effected contextually to the sale of the goods;
- in the future the importer can use the warehouses for VAT purposes as an alternative to the firm; he can buy goods in advance, which will enter the step of transformation later, availing himself of decreasing market prices, with no duty fulfilment, this latter being settled only when the goods will be needed by production.
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