"Basics and Practical Overview of VAT Management in the EU: Spotlight on the French Practice a Few Months After the Adoption of the Reverse Charge of VAT on Imports".
Gaspard de Bellescize has published an article in the Global Trade and Customs Journal Volume 17, Issue 4 (2022) pp. 183 - 184: A spotlight on the impact of the import VAT reverse charge, following the reform implemented on January 1, 2022.
VAT is payable on importation together with customs duties and any other taxes, including "earmarked taxes" codified in the Code des Impositions des Biens et Services.
The article looks at the four main arrangements for the settlement of import VAT under the VAT Directive, namely
- Importation into France followed by delivery to another Member State
- The VAT-free import scheme for goods subsequently intended for export
- The system of deferred payment of import VAT
- The reverse charge system (postponed accounting for import VAT)
Read the article on the Global Trade and Customs Journal website.