Tax advice for import and export companies

Anyone who imports or exports goods should know their way around the world. Sometimes goods can be bought cheaply in one country and sold at a profit in another. If the price difference is greater than the transportation and administration costs and a profit can be made, import and export companies come into play. Thanks to their experience, goods can often be transported and controlled at low cost and standards for contracts, customs clearance and payment simplify administration. Margins are often low here, but profits can be made through high volumes. Those who are not careful here can be caught out cold. If VAT or customs duties suddenly become due and have not been priced in, things can quickly become tight and this can lead to a situation that threatens the company’s existence. It is therefore important to familiarize yourself with the legal and tax framework and to be aware of changes in advance.

Medium-sized companies in the trade sector in particular make use of all the services they would expect from their own finance department or from an external tax office. The following services are of particular interest to import and export companies: