The transport and import of goods from outside the European Union via the Netherlands can have significant liquidity benefits for German companies. Unlike imports into Germany, the goods are in this case exempt from import VAT.
A Dutch Tax Representative takes on the responsibility for import VAT. Without having to pay this VAT, it is administratively transferred to the German importer who benefits of import without payment of this tax. The system of Fiscal Representation is possible in all EU countries, but the Netherlands has organised this in a flexible manner, thus allowing German companies to obtain maximum liquidity benefits. This system is already widely used by German companies, however, not all importers are aware yet of the benefits and how the system works.
To make German companies aware of this, Rotterdam Port Promotion Council will organise a Masterclass 'Beschränkte Fiskalvertretung', Limited Fiscal Representation, in Düsseldorf on 3 September. “By being more flexible with VAT, we facilitate trade and logistics,” says managing director Marjolein Warburg.
The Masterclass is intended primarily for German forwarders and financial and logistic managers of importing companies in North Rhine-Westphalia. Four cases will be discussed during this seminar. These provide insight into the legal background of the Limited Fiscal Representation, address its practical application and provide practical examples. The speakers are Hans Maessen, president of Customs Cooperation Council FENEX and director of Maco Customs Service, Ton van Grinsven, Business Development Director of Customs Support Holland, Arne Hesse, Operations Manager of Gaston Schul, and Martien Janssen, Sales Manager of Gerlach.