New White Paper: Customs Value and VAT Base – A Match Made in Heaven?May-27-2019
With the growth of global trade, levies on the cross-border movement of goods have become an increasingly important source of state revenue. To determine the amount of such levies, correctly establishing the base is crucial, and since customs value affects not only the amount of payable customs duty but also the amount of import VAT, the interaction between the customs value and VAT base raises many questions. This paper focuses on some of the questions dealt with in European case law.
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