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Customs Glossary/Import VAT Settlement in VAT Return

Import VAT Settlement in VAT Return

Duties & taxes

PL: Rozliczanie VAT importowego w deklaracji VAT | DE: Einfuhrumsatzsteuer-Abrechnung in der MwSt.-Erklärung

Definition

Since 1 July 2020, Polish importers may settle import VAT directly in their VAT return instead of paying customs at clearance. This significantly improves cash flow by eliminating the need to freeze funds for 1-2 months.

Related Terms

Import VAT Settlement in VAT Return — Customs Glossary | Celna24.com | Celna24.com