What is Fiscal Representation
Subscribe
Sign-up to our newsletter, get access to exclusive tips about freight forwarding weekly update!
Fiscal representation is a service in which a foreign entity or business appoints a representative in the importing country to manage their tax and customs affairs with the relevant authorities.
There are two types of fiscal representatives: general fiscal representatives and limited fiscal representatives. The specific responsibilities depend on the type.
A fiscal representative's role may include completing VAT returns and applying the reverse-charge mechanism on imported goods.
Yes, in some cases, customs forwarding agents may also act as limited fiscal representatives.
Engaging a fiscal representative may allow foreign businesses to avoid registering as taxpayers for VAT purposes in countries where fiscal representation is required.
More from Beeontrade