Normally, when importing goods from abroad, the VAT must be paid to Customs upon entry into the country. This can be an expensive process. However, if you are eligible for postponed VAT accounting, you do not need to pay Customs upon entry; instead, you declare and pay for the VAT in your next VAT return. For companies that import goods from around the world, postponed VAT accounting makes a significant difference, supporting their continued growth without placing a heavy cost burden on their bottom line.

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