Leunging

What is the identification procedure for VAT purposes for a foreign company that is not established but which carries out business activities in Slovenia?

Even if a company's head office is in another state and the company carries out activities in Slovenia only occasionally, it must be identified for VAT purposes.

It must obtain a Slovenian tax identification number and submit accounts for the tax period to calculate tax due. A foreign taxable person who obtains a tax identification number and VAT identification number in Slovenia is obliged to submit monthly VAT returns.

Obtaining a Slovenian tax number for a foreign business

http://eugo.gov.si/en/running/taxes/value-added-tax-vat/

No Tax Representative in Slovenia, but Tax Agent

https://www.asd-int.com/en/tax-representation-slovenia/

VAT in Slovenia

Foreign companies may register in Slovenia for VAT without the need to form a local company; this is known as non-resident VAT trading. There is no VAT threshold in Slovenia for the registration of non-resident traders; a VAT number must be in place before the commencement of taxable supplies.

https://www.tmf-group.com/en/services/companies/accounting-tax/vat/country-profile/slovenia/

Slovenia State Tax Portal -- Submit for VAT registration

https://edavki.durs.si/EdavkiPortal/OpenPortal/CommonPages/Opdynp/PageA.aspx

Invest Slovenia

https://www.investslovenia.org/

Consulent Fiscal Representative

http://dacer.si/services/gfr

Logistics and Warehouse service providers

http://www.tls.si/en/warehousing.php

https://fersped.si/en/

https://gls-group.eu/SI/en/gls-slovenia

https://www.dhl.com/si-en/home.html

http://www.pacorini.si/

https://www.gw-world.com/company/

Wednesday, January 27, 2021

Trading

HS code database by World Customs Organization

http://www.wcoomd.org/en.aspx

TARIC Consultation (EU Duty Rate)

https://ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp?Lang=en

VAT by European Commission

https://ec.europa.eu/taxation_customs/business/vat/what-is-vat_en

EU VAT by topics

https://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic_en

VAT rates

https://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic/vat-rates_en

https://ec.europa.eu/taxation_customs/sites/taxation/files/resources/documents/taxation/vat/how_vat_works/rates/vat_rates_en.pdf

https://ec.europa.eu/taxation_customs/business/vat/eu-country-specific-information-vat_en

Invoice Requirement for EU VAT

1. the invoice date;

2. the sequential number which uniquely identifies the invoice;

3. the name and address of the taxable person and identification number for VAT purposes under which the supply of goods or services was carried out;

4. the quantity and nature of the goods supplied or the extent and nature of the services rendered;

5. the amount of VAT to be paid or the information required for its calculation:

6. a clear and unambiguous indication of the original invoice and the concrete details that are modified if the invoice is the document or message that amends or refers specifically and unambiguously to the initial invoice.

National Tax websites of EU counties

https://ec.europa.eu/taxation_customs/national-tax-websites_en

中國海關 HS Code 85099000

http://gss.customs.gov.cn/CLSouter2020/Home/TariffCommentaryDisplay?TariffNo=8509&random=0.8257194613178727

中國海關 HS Code73239300

http://gss.customs.gov.cn/CLSouter2020/Home/TariffCommentaryDisplay?TariffNo=7323&random=0.9615086952948242

中國海關HS Code 查詢

http://www.customs.gov.cn/customs/302427/302442/jckszspjpmzscx/index.html

Tuesday, January 5, 2021

How to Calculate Taxes When Shipping Internationally

https://www.easyship.com/blog/how-to-calculate-taxes-duties-when-shipping-internationally

Valuation method:

CIF = FOB Price + Cost of shipping + Cost of insurance
CIF Duty = CIF x Duty%

FOB Duty = FOB Price x Duty%

Import - export Cost Calculation:

Custom Value: FOB / CIF = $800
Import tax

Sales Tax = $800 x 8% -64
Import Duty = $800 x 4.4% = 35.2

Courier Handling Fee(Merchandise Processing Fee) :

Import by courier of value under $2500 pay MPF of $1
more on MPF include

Custom Clearance Fee or Custom Handling Fee for processing import declaration
Advancement Fee for paying Duty and VAT on behalf of recipient
Cargo Handling Fee such as loading and unloading goods
Security such as X-Ray

Total Import and Duties Formula

+64 + 35.2 + 1 = 100.20

Other taxes if necessary

Excise Duty (Usually levied on alcohol, tobacco and fuel products)
Consumption tax on luxury goods
Environment Tax
Clearance/ Entry Fees

Country De Minimis Rules

The Duty or Tax Free Amount known as ‘de minimis value’ is a country-specific value below which duty and tax is exempted.

Country De minimis value

USA USD 800
UK GBP 15
China RMB 50
Australia AUD 1,000
Canada USD 15
Dubai AED 1,000
Singapore SGD 400
Indonesia USD 50
Japan JPY 10,000 (CIF value) or JPY 100 (Duty and consumption tax)

After Brexit

UKCA Marking and CE Marking

https://www.gov.uk/guidance/using-the-ukca-marking#when-to-use-the-ukca-marking

VAT

https://www.gov.uk/guidance/vat-and-overseas-goods-sold-directly-to-customers-in-the-uk

VAT When to register

https://www.gov.uk/vat-registration/when-to-register

Businesses outside the UK

There’s no threshold if neither you nor your business is based in the UK. You must register as soon as you supply any goods and services to the UK (or if you expect to in the next 30 days).

NETPS - Non-established-taxable-persons
https://www.gov.uk/government/publications/vat-notice-7001-should-i-be-registered-for-vat/vat-notice-7001-should-i-be-registered-for-vat#non-established-taxable-persons-netps-basic-information

VAT and overseas goods sold directly to customers in the UK

https://www.gov.uk/guidance/vat-and-overseas-goods-sold-directly-to-customers-in-the-uk#goods-that-are-outside-the-uk-at-the-point-of-sale

Business to business sales to UK VAT-registered customers