Benefits of having a Fiscal Representative in Europe

Import­ing your goods into Europe and ship­ping them across the Euro­pean Union requires a Fis­cal Rep­re­sen­ta­tive. Spe­cial­ly because the fis­cal rep­re­sen­ta­tive under­stands the Euro­pean laws on val­ue added tax (VAT).

Appoint­ing a fis­cal rep­re­sen­ta­tive is an inter­est­ing option for for­eign com­pa­nies that want to sell prod­ucts in Europe. At the same time that your com­pa­ny gain a sin­gle point of con­tact for all your cus­toms and VAT trans­ac­tions, you lose the risks of being non-com­pli­ant and of miss­ing out on cash-friend­ly schemes such as the deferred-pay­ment option for VAT.

Take your headaches out of VAT

Usu­al­ly, com­pa­nies must pay VAT to cus­toms at the moment of the import. It can take weeks before a com­pa­ny can reclaim VAT charged at the moment of import. This can have a major impact on the cash flow posi­tion of com­pa­nies.

For­eign com­pa­nies work­ing with a fis­cal rep­re­sen­ta­tive are not required to pay the VAT on imports imme­di­ate­ly. These com­pa­nies can pay VAT when apply­ing for VAT return. So, result­ing in a zero cash out­flow, as for­eign com­pa­nies are not able to apply for VAT defer­ment with­out appoint­ing a fis­cal rep­re­sen­ta­tive, and this means a great liq­uid advan­tage.

The fiscal representative will also take care of:

  • Reg­is­ter your busi­ness for VAT with the local tax office.
  • Ensure you are ful­ly com­pli­ant with all the rel­e­vant reg­u­la­tions.
  • Pre­pare and sub­mit­ting VAT returns and EU Intra­stat.
  • Process your VAT pay­ments.
  • Ensure the right VAT rate is applied.

There are a lot of choic­es for com­pa­nies to make when expand­ing glob­al­ly. But, there’s one sim­ple rule: have a mar­ket part­ner.

In the Euro­pean land­scape, hav­ing a mar­ket part­ner that is an expert in VAT defer­ment and know exact­ly what your com­pa­ny is get­ting into will be very valu­able.

Since 2004, CAPLINQ has worked with man­u­fac­tur­ers and pro­duc­ers in the Unit­ed States, Cana­da, Chi­na, Korea, Africa, Tai­wan, Japan, Rus­sia, Turkey, Moroc­co, and Sin­ga­pore. We have worked with all these com­pa­nies to phys­i­cal­ly bring their prod­ucts to mar­ket in Europe. This means that we have all the knowl­edge and expe­ri­ence need­ed to be your mar­ket part­ner in the Euro­pean Union.

About CAPLINQ

CAPLINQ is a spe­cial­ty chem­i­cals, plas­tics and prod­ucts com­pa­ny that spe­cial­izes in mak­ing for­eign com­pa­nies com­pete on a lev­el play­ing field with Euro­pean sup­pli­ers. With more than 300MT year­ly of chem­i­cals and plas­tics com­ing through Rot­ter­dam in the Nether­lands and a staff of engi­neers and tech­ni­cal rep­re­sen­ta­tives, CAPLINQ is a mod­ern-day mar­ket part­ner. Using dig­i­tal-age tools and the same legal tech­niques multi­na­tion­als use, we cre­ate a Euro­pean pres­ence for for­eign com­pa­nies with­out them requir­ing to set up a Euro­pean enti­ty through our order ful­fill­ment Europe ser­vice. For more infor­ma­tion vis­it us or con­tact us so we can explain the ben­e­fits of hav­ing a Fis­cal Rep­re­sen­ta­tive in Europe.

About Danielle van Noorden

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