Duties, VAT and excise are taxes which, where applicable, must be correctly calculated in the customs declaration and paid.

• Import and export duties are EU taxes set out in EU regulations and the same rules apply in all EU Member States. Duties are an important part of EU annual budged, they make out more than 10% of it.
• The Value Added Tax (VAT) and excise duty are national taxes – though the main rules set out in EU directives are the same, the application of those taxes differs from state to state. For example, different VAT rates apply – Germany 19%, Lithuania 21%, Ireland 23%.

In this course, you will learn about VAT. It is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the European Union. Thus, goods which are sold for export or services which are sold to customers abroad are normally not subject to VAT. Conversely imports are taxed to keep the system fair for EU producers so that they can compete on equal terms on the European market with suppliers situated outside the Union.

This course is Module 6 of the extensive Customs clearance and trade compliance in the EU training (see the brochure).

Lessons

The course consists of four video lessons:

1. System, principles and tariffs
2. Import VAT
3. IOSS
4. Export VAT

Outcome

At the end of the course, you should know:

• The principles of VAT and VAT collection in the EU in the context of import and export procedures;
• How import VAT amount is calculated;
• The specifics of e-commerce.

CKI community membership grants a 10% discount from the price of this course.
Contact us to receive the discount code for the purchase: CKI@customsknowledgeinstitute.org