MLchartDataset catalogue

Import VAT

Term · Logistics and supply chain · MLC-T-LOG-000144

Value Added Tax levied on goods when they enter a country from outside its customs territory. This tax is calculated on the customs value of the imported goods, which includes the cost of the goods, insurance, and freight. Businesses can often reclaim this VAT if the goods are used for taxable supplies within the country.

Table 1. Record
IdentifierMLC-T-LOG-000144
FieldLogistics and supply chain
Record as JSON 
{
  "id": "MLC-T-LOG-000144",
  "term": "Import VAT",
  "field": "Logistics and supply chain",
  "definition": "Value Added Tax levied on goods when they enter a country from outside its customs territory. This tax is calculated on the customs value of the imported goods, which includes the cost of the goods, insurance, and freight. Businesses can often reclaim this VAT if the goods are used for taxable supplies within the country.",
  "url": "https://mlchart.com/terminology/logistics/import-vat/"
}

Record 155 of 256 in Logistics and supply chain terminology (MLC-0105). Request the full dataset.