Import VAT Deferment
Businesses importing goods in France from non EU countries used to pay VAT in advance to their customs brokers. Even if import VAT was fully deductible, this process was not very favourable from a cashflow prospective.
Since the 1st January 2017, companies based outside of the European Union can benefit from the import VAT deferment in France providing the customs broker is an Authorised Economic Operator (AEO). As a result import VAT does not have to be paid anymore and can be accounted in a French VAT return through a specific reverse charge mechanism.
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If you want more information about this topic or if you plan to have imports of goods on the French territory, please feel free to contact our experts. Also, do not hesitate to contact us about similar possibilities in Belgium, Netherlands or other EU-countries that provide these kind of advantages to non-resident businesses. Contact us by email or call us directly +33 3 20 25 70 70.