What is the difference between General Fiscal Representation Services and Limited Fiscal Representation Services?
The differences between Limited and General Fiscal representation, are the Limited fiscal representation are added easily to one licence and thus will take less time than making a new contract. Limited fiscal representation has a limitation of handlings from import to delivery, while General fiscal representation a contract is for a long time where a VAT-number is requested for the foreign supplier.
What makes our costs transparent?
What makes CAPLINQ’s cost transparent is the logistics adder. That is the Duty Charge + Billable Weight Charge. You can save money by paying duty on the manufacturing cost not the sales price. Billable weight is the greater of gross weight and dimensional weight. The billable weight charge is simply the billable weight X location Rate. This is what makes our costs transparent because you can find out what it will cost.
How does CAPLINQ’s order fulfillment save your European customers money?
As fiscal representative CAPLINQ will import your product. The fiscal license we own allows us to import for foreign companies. The Foreign Supplier is still owner of the products at the time it crosses the border. This is the reason why the manufacturing price can be justified at the time of the import. This allows you to sell your products for the sales price. The customer will save money and it will benefit both you and the customer.
How much does fiscal representation cost for a business of my size?
The fiscal representation fee is part of the inbound shipping service. If you use CAPLINQ's inbound rates, then it is included in the rates. If you choose to use your own carrier, then it is 0.75% of the cost of goods sold (COGS) - far below companies like FedEx, UPS and DHL who charge duty + a 3-5% administration fee. For example, if the value of the goods are €10,000 then the Fiscal Representation fee is €75 if you use your own carrier, or free if you use CAPLINQ's.
How much do I have to pay the tax authorities as a bank deposit for fiscal representation?
CAPLINQ has it's own agreement with the tax authorities as to the amount of bank deposit we have with the customs authorities, but yes - we do have a large deposit with them as guarantee so that foreign suppliers do not have to pay one.
Will CAPLINQ, as our fiscal representative, account for taxes, VAT and other rule compliance issues for meeting the requirements in the Netherlands?
Absolutely. It is not only the service we provide, but our legal requirement to do so under the fiscal representation laws. We have a large deposit with the tax authorities that guarantees that we comply with legal and custom regulations or risk losing our license and deposit. This is very serious business.
Is there a maximum limit we can sell under this fiscal representation agreement?
No. You are limited only by the amount of products your customers buy./p>
How can LFR move your goods freely with the EU?
As Fiscal Representative CAPLINQ is allowed to import the supplier’s goods into the EU without paying import VAT. This will save much money and you will be able to charge your sales price to your customer. That will save the customer money that will both benefit the customer and supplier.
Why can’t other European LFR get a Dutch VAT-number?
Other European LFR can’t get a Dutch VAT-number because they are not located in the Netherlands. To get a Dutch VAT-number you need to be located in the Netherlands. The supplier will get a 0% VAT duty charge and if you were to use another European LFR the supplier would have to pay import taxes into Rotterdam.
Can you help us gain a better understanding of this VAT deferment?
Very simply, if the customer is a business (B2B) customer, CAPLINQ you can invoice the customer without VAT using CAPLINQ VAT deferment license. In the case of consumers (B2C), then 21% VAT must be invoiced and returned to CAPLINQ who will file your transaction on your bahalf using the same VAT deferment license.
Are the limitations on being able to pay duties based on COGS rather than sales price only when we use CAPLINQ's inbound shipping service?
No, the limitations are tied to the fiscal representative agreement, not to whether you use our inbound shipping rate or your own. If you use our inbound service, the fiscal representation fee is free. Otherwise it is 0.75% of the COGS.