Incoterms consumption tax risk

Quelle: https://iccwbo.org/resources-for-trade-tools/incoterms/

Refers to the risk of who is responsible for and bears the cost of paying consumption taxes (e.g., VAT) under the chosen Incoterms, with the transfer of risk depending on the delivery term; defines who bears the consumption tax liability at delivery and passing of the goods.

Related Terms

You might also be interested in these terms

ICC Incoterms®

The ICC Incoterms® (International Commercial Terms) are a set of internationally recognized trade terms published by the International Chamber of Comm...

Learn more

Incoterms KPI

A metric used to assess how effectively Incoterms rules are applied in a transaction, typically by comparing the actual costs, risks, and responsibili...

Learn more

Incoterms SAP

Incoterms SAP refers to the Incoterms rules as implemented and used within the SAP software ecosystem to define responsibilities, costs, and risk tran...

Learn more

Rail Incoterms

A group of Incoterms applicable to freight transport by rail. They specify which party bears risk, costs, and obligations for the goods during shippin...

Learn more

Incoterms CO2 Costs

Definition: CO2 costs refer to the carbon dioxide emissions produced along the transport chain and the portion of those emissions attributed to or con...

Learn more

Incoterms clause

A contractual clause in a sales agreement that specifies the applicable Incoterms rule and thereby determines the allocation of risks, costs and respo...

Learn more

⚖️ ICC Incoterms 2020

Incoterms 2020 Simulator: Who bears costs & risk?

Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.

Incoterms Simulator →