If you are in one of the following situations, you might be wanting to create an optimum strategy for importing into and exporting from Belgium, and the content of this chapter will be of interest to you:
You need to minimise your company’s duty exposure.
You would like to streamline your indirect tax management systems in order to optimise cash flow.
You want to find ways of maximising your commercial marketing opportunities through more efficient—and effective—import and export tax planning.
You require advice on how to create an up-to-date, compliance-sensitive customs & duty planning system.
You believe that if your company could lower the indirect tax take you might be able to boost shareholder value, but you don’t know where to begin.
You would like to find a way to better integrate your customs and duty planning with your company’s overall business strategy.
Some of the key informations you will find in this section:
Description of the Belgian customs context
Three major factors determine the fiscal treatment of products cleared through customs upon importation into Belgium:
their commodity code (based on the Harmonised System)
their origin
and value
Since these three factors will affect the products’ fiscal treatment, they need to be considered carefully and determined correctly so as to ensure proper import clearance into the European Community.
Import export licensing requirements, prohibitions and restrictions are aspects of customs controls that can give rise to particularly difficult problems if the rules are not carefully adhered to.
A customs warehouse is a facility where imported goods can be stored without being subject to import duties, VAT or other import taxes, or to non-tariff trade policy measures.
If this information does not answer all your questions, our professionals can work with you to create efficient and effective cross-border and indirect tax-management systems that will help you cut operating costs, boost cash flow and reduce the amount of time you spend dealing with customs and duties issues.
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