It is a non-cash settlement of import VAT by means of VAT-7, VAT-7K, and VAT-7D declaration. This way VAT need not be paid or secured during the import clearance.
Benefits of the procedure:
- possibility of non-cash VAT settlement
- VAT settlement is made by the importer in the VAT declaration
- the importer does not „freeze” the VAT amount, and may use it to fund the current operations.
The procedure is referred to as the deferred settlement. It means for the businesses that, instead of immediate payment of import VAT to the Customs, they include it in the VAT declaration for the month when the import occurred. Thus no payment is necessary at the import clearance and no VAT is transferred to the Customs account.
For detailed information please contact Marketing Department,
tel. +48 71 3343604, + 48 71 3343607, +48 71 3343608
or e-mail: email@example.com