Customs duty planning opportunities

There are many opportunities to reduce customs duty and import VAT on importation of goods into the EU including:

  • Use of “first sale” value for customs purposes where there is a chain of sales transactions between different entities.
  • Use of Free Trade Agreements and other Preferential Trade Agreements benefiting Chinese exporters.
  • Planning so that royalties / license fees will not be considered to be part of the “customs” value
  • Planning so that shortfall and similar payments will not be considered as part of the “customs” value.

Please contact us for some information on import VAT and customs duty planning opportunities.