The costs of customs duties and excise/environmental taxes can be reduced only by correctly setting the system of relevant business transactions of the company, including their review and update.
Our long-term practical experience suggests that unnecessary costs and risks in the import and export of the goods and excise/environmental taxes usually do not result from intent, but rather from a lack of awareness. Do you know that?
The use of a customs broker
means the transfer of the responsibility and mitigation of risks only if you conclude a well-designed customs brokerage contract?
Incorrect setting of business transactions
represents a risk of additionally assessed customs duties/taxes for up to three years retrospectively, including sanctions, penalties and relating time and financial costs of conducting the relevant proceedings?
Incorrect interpretation of legislation
can be dealt with in advance through the discussion with the state authorities’ representatives and obtaining a written statement or binding information?
Customs and tax payments
are not monitored in detail in many companies, as the customs duty and excise/environmental taxes are not reflected in the price of the goods and are treated as “unavoidable costs”?
Communication in the company
is a necessary condition and concurrently also the weakest point of the correct customs and excise/environmental taxes application?
The customs duty amount
depends on the classification of the goods, its value and country of origin as well as the used customs procedure? Each of these factors should be considered in advance.
The incorrect tariff classification of the goods
is the most frequent reason for the incorrect application of the customs rate, excise/ environmental taxes and all relating non-tariff measures and is penalised regardless of whether the customs duty and taxes were paid in an insufficient amount or were overpaid?
The customs duty calculation basis
is composed of the price of the goods and a number of deductible and addable items and thus cannot be correctly determined without interconnecting the accounting and customs records?
The process of the customs duty and tax refunds
is a rather complicated and lengthy process which can be used as an extraordinary rather than a standard solution of the incorrect setting of import processes?
The post-clearance verification after the release of the goods
should be given significant attention from the very start, as the adverse consequences after the end of the verification can be averted only by undertaking significant efforts and incurring substantial time and costs?
Minor shortcomings in the internal system
may result in significant overpayments (hidden savings) or customs duty, excise/environmental tax arrears (the risk of additional costs) given the significant number of business transactions? (Contact)
Why should you pay more if you do not have to? Identify the shortcomings in the setting of the current system
