“Basics and Practical Overview of VAT Management in the EU: A Look at French Practices a Few Months After the Adoption of the Reverse Charge Mechanism for VAT on Imports”
Gaspard de Bellescize 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 Reverse Charge Mechanism for Import VAT, Following the Reform Implemented on January 1, 2022.”
VAT is due upon importation, along with customs duties and any other applicable taxes, including the “earmarked taxes” codified in the Goods and Services Tax Code.
The article reviews the four main methods for clearing import VAT provided for in the VAT Directive, namely:
- Importation into France followed by delivery to another Member State
- The VAT-exempt import regime for goods intended for subsequent export
- The deferred payment system for import VAT
- The reverse charge mechanism (postponed accounting for import VAT)
Read the article in English on the Global Trade and Customs Journal website.