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21 Jun
Fiscal Representation

Fiscal Representation

21 June 2016

You can appoint ASG WIND Transport  to act as your fiscal representative in Greece, Bulgaria or Romania, when goods are imported  from a non-European Community country and are then cleared by the local customs and transported directly and immediately from Greece, Bulgaria or Romania to another EC country.

Within the scope of fiscal representation, imported goods are regarded as Greek, Bulgarian or Romanian with the result of an import sales tax exemption. To get this tax exemption in the mentioned countries, ASG WIND Transport  as your fiscal representative acts as an intra-community distributor for you and the taxation is shifted to the other EC country. In the other EC country the consignee has to declare an intra-community acquisition of goods. The consignee is generally allowed to deduct this tax as input VAT, so that no payment is necessary.

Taking care of all formalities and duties which occur in Greece, Bulgaria or Romania and is part of the service provided by ASG WIND Transport as fiscal representative.

What advantages are connected to a tax representation ?
You have competitive advantage, because you obtain the status of an EC distributor. As a result you are distributing your goods from Greece to another EC country under the same fiscal conditions as your competitors from other EC countries.

In particular:
Liquidity improves due to import sales tax exemption and as a result you pay less interest to your bank or in the event that you have no bank loans, you generate interest income.It enables quicker delivery to consignee, as time-consuming import clearance produces in the destination country are no longer necessary

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