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CFE Opinion Statement FC 2/2020 concerning the deduction of import VAT on the import of goods

The CFE Fiscal Committee has prepared an Opinion Statement on issues concerning the deduction of import VAT on the import of goods.

The CFE do not consider that the owner of the goods will always be the “consignee or importer”. Similarly, a commissionaire or agent who contracts in his own name and is treated as both receiving and making a supply may never obtain ownership of the goods. For these reasons, it is considered that a test that purely focuses on ownership is unduly restrictive, and a right of recovery should exist in these cases.

Source: taxadviserseurope.org

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