VAT Deferment Account

A customs and tax procedure that postpones the payment of import VAT (value-added tax on imported goods) to a later date, typically through a defermen...

A formal review conducted by a tax authority to examine the use and management of a VAT deferment facility (an arrangement allowing import VAT to be p...

A formal document, issued by a tax authority or customs administration, noting that the payment of value-added tax (VAT) for certain goods or transact...

A government program that allows businesses to delay paying VAT on taxable imports or certain transactions until a later accounting period, typically ...

A ZAZ account (Payment and Settlement Account) is a centralized financial account maintained by freight forwarders, carriers or logistics providers to...

A VAT Deferment Approval is the authorization by tax authorities to participate in a VAT deferment scheme, allowing the payment of value-added tax on ...