What is fiscal clearance?

As a car importer, specializing in imports between European countries outside the EU and EU member states, we handle the import of cars, vehicles, and moving goods on a daily basis. When importing goods, the term ‘Fiscal Clearance‘ may sometimes come up. But what does that actually mean? Let us explain it to you!

What is fiscal clearance?

Fiscal clearance is a procedure in which goods are declared to customs during cross-border transactions. In this process, import duties and taxes are determined and handled according to the applicable rules.

Why do you need fiscal clearance?

You need to complete fiscal clearance because each country has its own rules regarding taxes and import duties. When you buy something from another country, they want to ensure the correct taxes are paid, just like your own country does. This ensures fairness and that both countries receive what they are entitled to.

Example of fiscal clearance in car imports

Imagine you buy a new car from someone in another country. Normally, that person would pay the required taxes to the tax authorities in their own country. However, with fiscal clearance, you must pay the necessary taxes and duties yourself when you receive the car in your own country.

When is fiscal clearance relevant for car imports?

Fiscal clearance can be relevant for car imports because it gives you control over the taxes and duties you pay. This can lead to potential savings, as you can compare rates and choose the most favorable option.

Importing a car with fiscal clearance?

It is important to understand the specific laws and regulations in your country and seek expert advice to apply the scheme correctly.
Are you considering importing a car, or another vehicle or moving goods, and want to know if fiscal clearance applies? Contact Marlog Europe today. Our import experts are ready to assist you!