Determining the customs value of goods is a challenge at the best of times – and even more so in the wake of a recent European Court of Justice decision jeopardising the practice of determining customs values on the basis of transfer prices. We have decided to hold a free webinar to help you tackle the inherent conflict.
Tough dilemma for importers
Importers often use transfer prices as the basis for customs values in related-party transactions. But according to the customs legislation, the basis for the customs value should be the price actually paid or payable for the goods imported.
Now the ECJ has ruled that a transfer price cannot form the basis for establishing customs value if this transfer price may be subject to adjustments and it is not known whether it will be adjusted up or down at the end of the accounting period. If you fail to resolve this fundamental dilemma, you can end up paying too much or too little import duty, either of which is problematic and time-consuming.
Date: Wednesday, 11 April 2018
Time: 10 – 11 am (CET)
Your Hosts and Experts:
Senior Manager, Customs Specialist
Manager, Customs Specialist
Assistant Manager, VAT Specialist
Director, TP Specialist
I do hope that you can join us!