Autoliquidation of VAT: new obligations in Finance Bill 2024
Since 1 January 2022, the reverse payment of VAT on imports is compulsory and automatic for all enterprises. They have several means to collect the information necessary to verify and validate the entries of the self-loaded monthly or quarterly tax return (CA3) in terms of import entries.
The first means is to keep an internal file containing the numbers and dates of customs declarations that must be archived, as well as the amounts of VAT that are self-liquidated, transmitted by the Registered Customs Representatives (RDEs) mandated by the companies.
The second means is to connect to the customs website in order to recover the monthly summary of the import declarations generated by the various RDEs requested by the companies.
The third means is to solicit and obtain from the various mandates, monthly summary statements of imports managed by them, to approximate the monthly aggregate summary statement obtained from the customs site. In this respect, draft finance law 2024 (PLF 2024), adopted without a vote, at first reading by the National Assembly after the use of Article 49.3 of the Constitution, provides for therequirement for BDUs to transmitto their customers or to make them accessible electronically,monthly summary statements of import declarationsissued on their behalf and on their behalf (direct representation).
More surprisingly, the PLF also provides that BDUs are jointly and severally held liable with their customers for any value added tax (VAT) debt that would have to be collected if importers defaulted.
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