What is Fiscal Representation
Subscribe
Sign-up to our newsletter, get access to exclusive tips about freight forwarding weekly update!
Fiscal representation is a service in which a foreign entity or business appoints a representative in the importing country to manage their tax and customs affairs with the relevant authorities.
There are two types of fiscal representatives: general fiscal representatives and limited fiscal representatives. The specific responsibilities depend on the type.
A fiscal representative's role may include completing VAT returns and applying the reverse-charge mechanism on imported goods.
Yes, in some cases, customs forwarding agents may also act as limited fiscal representatives.
Engaging a fiscal representative may allow foreign businesses to avoid registering as taxpayers for VAT purposes in countries where fiscal representation is required.
More from Beeontrade
This website uses cookies that are necessary to make our website work, cookies that remember your preferences, and cookies to collect and report statistics about how you interact with our site. With your permission, we also use marketing cookies to display more relevant ads about Beeontrade to you on other sites. See our Privacy Policy.