First and foremost, let us thank you for your presence (virtually or physically) on the ‘supply chain VAT introduction’ at the KPMG offices. It was a great opportunity to get to know each other, and to see what the mutual gains might be from a collaboration on VAT topics.

From the KPMG side, we take away the following from our meeting:

  • importing goods into the EU may trigger VAT registration obligations – however, companies may want to consider to use a global VAT number (if available in the relevant EU member state), instead of an individual VAT number, to simplify VAT compliance obligations;
  • the importance of a correct import declaration for companies to be able to deduct incurred import VAT;
  • companies should consider ways to efficiently structure supply chains (e.g. suspensive regimes) and optimize cashflows by applying for an import VAT deferral license (if possible);
  • while fulfilling export formalities, be aware of who should act as exporter for customs and VAT purposes – an export declaration that contains the correct data is key to ensuring that companies can successfully invoke the VAT exemption for export;
  • assess whether the terms of the contracts (especially incoterms – be aware of the impact of incoterms EXW and DDP on indirect tax obligations) with suppliers and customers meet the company’s needs;
  • remember that EU movements of goods may trigger VAT obligations, but simplifications are available;
  • and last but not least, be mindful that VAT is still a national tax, based on EU principles, meaning that differences still exist (e.g. VAT rates) between EU member states.

During the presentation, we brought up some examples of where a collaboration with the VAT colleagues of KPMG or the development of VAT related software by C4T for existing clients might be beneficial, but we are of course convinced that new clients could also benefit from these insights or new software tools. We are ready and happy to assist you wherever possible.

Relive the webinar


If you missed the webinar or would like to revisit it, we invite you to watch the recording and download the slides. Should you have any further questions or comments, do not hesitate to reach out to our experts.

Watch the recording