Companies engaged in international trade are subject to various customs regimes that determine the legal status of goods before their arrival in a specific territory, while establishing a regulatory framework for the movement of these goods. Among the customs regimes are the 40 regime, also known as the classic import regime for release for free circulation, and the 42 regime.
A fiscal representative is a locally appointed business or individual that is typically jointly liable for any VAT owed by the non-EU taxpayer.
In this workshop, we will examine these options and their implications for businesses engaged in trade within the European Union.