Transfer of VAT upon import
Transfer of VAT upon import:if the importer starts to increase his imports from outside the EU, his accountant may submit a request for VAT transfer to the Tax and Customs Administration.
As soon as this transfer is granted, VAT upon import will no longer have to be paid immediately, but can be settled later, when filing the VAT return. The importer’s VAT number will be amended in the Sagitta system and be recognised as such.
The transfer licence is available from the Tax and Customs Administration. Ask your contact person at Embassy Logistic Services for more information.