A VAT (Value Added Tax) deferment in the European Union (EU) refers to a mechanism that allows businesses to postpone the payment of import VAT at the time goods are brought into an EU member state. Instead of paying the import VAT upfront upon the arrival of goods, eligible businesses can defer this payment to a later date, usually when they file their regular VAT returns.
Yes, reTrade is designed to be used by a wide range of businesses across various industries that are looking to optimise their supply chain management processes. Whether you're a small business, a medium-sized company, or a large corporation, reTrade's solutions are customisable to accommodate different business sizes and needs.
No, reTrade offers more than just compliance solutions. While compliance is one of the key aspects of our services, reTrade provides a comprehensive range of supply chain solutions that go beyond regulatory adherence.
reTrade focuses on various critical aspects of the supply chain to help businesses optimize their operations, enhance transparency, and achieve sustainable and efficient processes.
reTrade has its own priority platform
With our expertise in global regulations, reTrade assists businesses in understanding and complying with intricate international trade and supply chain regulations. This minimises risks and ensures smooth cross-border operations.
Absolutely. reTrade's solutions are designed to cater to businesses of all sizes, from small business to large corporations. Our customisable approach ensures that each client's unique needs are met effectively.
IOR stands for "Importer of Record." It refers to the entity or individual that takes legal responsibility for the importation of goods into a specific country.