Circular 2020/C/99 about Incoterms 2020

Aug 6, 2020 | Uncategorized, VAT Updates

VAT Updates Europe

Incoterms Updated 2020

On 13 July 2020, the Belgian General Administration of Customs and Excise issued a circular letter relating to Incoterms. Incoterms are international trade terms adopted by the International Chamber of Commerce.

Besides a general explanation of the concept of Incoterms, the circular explains the most recent version of the rules, which are the Incoterms 2020. Additionally, the circular letter contains a specific paragraph about the link between Incoterms and customs valuation.

The new incoterms explanation can be found in the link below in German, Dutch and French.

Click Here to read the new Incoterms

Source – Fisconet

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