Dec 8, 2024
Simplify Import VAT with an Article 23 Deferment License
An Article 23 license lets you defer VAT payment to your VAT return, eliminating upfront costs at customs and improving cash flow. FinTaxNL Solutions makes the application process easy!
Managing import VAT can be a significant challenge for businesses importing goods into the Netherlands. Typically, importers must pay VAT at the time of customs clearance, which can strain cash flow and create additional administrative burdens. However, an Article 23 deferment license offers a solution.
An Article 23 license allows businesses to defer the payment of import VAT, shifting the obligation to their periodic VAT return instead of paying it at customs. This means you don’t need to pay VAT upfront when goods enter the Netherlands, making the import process smoother and freeing up liquidity. It’s especially beneficial for companies regularly importing goods or operating in international trade.
With this license, you report the VAT on your regular VAT return and simultaneously deduct it (if eligible), resulting in no immediate cash outlay for the import VAT. This simplifies compliance, improves cash flow, and ensures more efficient tax management.
Obtaining an Article 23 license requires meeting specific conditions set by the Dutch tax authorities, such as being VAT-registered in the Netherlands and demonstrating compliance with tax obligations. The application process can be complex, involving documentation and communication with the tax authorities.
At FinTaxNL Solutions, we specialize in helping businesses secure an Article 23 deferment license. Our team of VAT experts handles the application process from start to finish, ensuring that your business meets all the requirements and avoids common pitfalls.
Whether you're a Dutch company or a foreign entity importing goods into the Netherlands, we help you streamline your import VAT management. Contact us today, and let FinTaxNL Solutions make the process easy and stress-free.
Take the next step toward optimizing your VAT management with an Article 23 license!
Want to Know More?
Would you like to utilize the WKR or learn about your options for a tax-free DGA bonus?
We at FinTaxNL Solutions B.V. are happy to assist.
Contact us to conclude the year financially smart!
