Euro VAT Refund's CEO Britta Eriksson and Leslie Levy August, Vice Chair & COO, Boomerang Carnets / Corporation for International Business provide an introduction to Value Added Tax (VAT) and temporary import reliefs (also called carnets) when North American companies import goods into the EU for either sale or temporary use. Many companies are unaware of their VAT liabilities and temporary shipment options when shipping overseas. It is extremely important to set up the international shipments correctly ahead of time since it is usually not possible to fix after the fact. Ms. Eriksson and Ms. Levy August provide the necessary shipping information so that the North American company remains VAT compliant, and also so that the import VAT of up to 27% does not end up as a cost.
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