VAT Deferment Settlement

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 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 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 settlement or reconciliation of levies, taxes, duties and charges due to authorities in the context of transport or logistics services; it aggregate...

The risk that a transaction, order, or settlement cannot be completed as agreed, due to counterparty default, delays, or errors in payment or document...