A tax on imported goods, paid in addition to other duties due. It is called a "value-added" tax because it is applied throughout the supply chain - on everything from the point of raw materials up to manufacturing and retail.
VAT varies by country, but it is generally between 7 and 20 percent of the value of the merchandise. For imports, VAT is based on the customs value of your goods.
The United States does not currently charge a VAT tax on imports, but you will likely have to pay this tax if you import goods into the European Union. In such cases, you may be required to have a VAT ID (also called a VAT registration number). For more information on how to apply for a VAT ID (and whether or not it is necessary for you to do so), it may benefit you to contact a fiscal representative.
Customs Broker Customs Clearance Fee Customs Value
What do I need to know about the changes to the European Union Value-Added Tax (VAT) in 2021?
Learn more about the changes to the EU VAT in 2021 and the implications for your business.
Learn More
We use our more than 80 years of experience with brokerage to help companies just like yours navigate these tricky waters.
Learn More
As your global supply chain grows, so do the complexities you face managing risk and cost. UPS Zone Solutions can help.
Learn More
On our UPS® Forwarding Hub, get and compare quotes, book shipments, and track them end-to-end on one modern, easy-to-navigate dashboard. Get a quote to start booking today.
Get a Quote Open the link in a new windowInsight in Your Inbox
Never miss out on the latest industry news, expert insights, and promotions. We'll send you what you need to know to keep your freight moving.
Sign Me Up Open the link in a new window