What Is Regime 42?

Regime 42, as referred to Customs Procedure Code 4200, is a special EU import mechanism that allows companies to 

import goods into one EU country without paying import VAT,  saying if the goods are shipped to another EU member state within required period.

The Regime 42 is a very useful tool for saving cash flow and reducing tax burden for companies involving in cross-border B2B trade, e-commerce business, 

and EU-across logistics operations.

Regime 42 attention points：

* Import VAT is not paid at the point of customs clearance. 

* Goods must be transferred to another EU country immediately after the customs clearance.

* The business receiving the goods in the destination country accounts for VAT via the reverse charge mechanism. 

* Provide transportation proof

* A local fiscal representative might be appointed in many cases.

* Provide formal sales invoice to the fiscal representative while making the customs clearance.

TaxFree provide below services:

1. Use Regime 42 in compliance with the law.

2. Issue sales invoices in line with Regime 42 rules

3. Declare EU acquisition and supply in compliance with tax law

4. Make tax declarations

5. Meet request for tax audit.

Contact us:

info@taxfreechina.com.cn

010-85808820