Elimination of compulsory warranty of import VAT when the importer is an Authorised Economic Operator (AEO)
Following the publication of the last week, the Spanish Tax Authorities have informed, again through its website, about the exclusion of the obligation to warrant the payment of import VAT in those cases where the importer has the status of Authorised Economic Operator – AEO.
The AEO status can be obtained by operators who perform transactions covered by customs legislation, including importation of goods. The AEO status ensures that the importer is trustworthy and, among other things, has financial solvency, and consequently enjoy benefits throughout the European Union.
As of April 28, 2015 is added between these advantages of the AEO the absence of compulsory warranty in the payment of import VAT.
In the following link you can access to the publication of the Tax Agency.