Originally posted by chopster
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Originally posted by F Spider View PostCan you elaborate on T1 status for us, not familiar with that term?
T1 Status goods are goods that are imported into the Customs territory of
the EU on which import duties and VAT have not been paid.
T2 Status goods are goods, which can freely circulate within the EU.Scott
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Originally posted by Laviolette GT2R View PostThanx Scott, very helpfull! So taxes have to be paid on top of the €150K?Scott
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Originally posted by Scott Triplitt View PostIt sure sounds that way if the item stays within in the EU. However, I understand that goods which are sold for export or services which are sold to customers abroad are normally not subject to VAT.Rijk
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Originally posted by F Spider View PostAbroad would then be outside of the EU....(I would surmise)
That's correct, "abroad" would be outside the EU according to, "For the purpose of exports between the Community and non-member countries, no VAT is charged on the transaction...."http://ec.europa.eu/taxation_customs...ts_and_exportsScott
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