What is a VAT fiscal warehouse and how does it work?

A VAT fiscal warehouse is an authorised facility where goods imported from non-EU countries can be stored without immediate payment of import VAT, deferring the tax until extraction for release into the domestic market. Unlike a customs warehouse (which defers both duties and VAT), in a VAT warehouse customs duties are paid normally at import, but VAT is suspended. Goods can also enter a VAT warehouse via intra-Community supply (intra-EU purchases). Key advantages: 1) Cash-flow improvement — VAT (22% in Italy, 8.1% in Switzerland) is not advanced; 2) Commercial flexibility — goods can be stored, sold and resold within the warehouse without generating VAT until extraction; 3) Triangular trade optimisation — goods imported into the EU for customers in multiple countries can transit through the VAT warehouse without intermediate VAT obligations. In Italy, governed by Art. 50-bis of D.L. 331/1993. For Switzerland: a comparable mechanism is the authorised customs warehouse (DDA), which suspends both duties and VAT.

Related questions

How does an authorised customs warehouse work in Switzerland?

An Authorised Customs Warehouse (DDA) is a BAZG-approved facility where imported goods can be stored without paying customs duties or import VAT until they are actually…

What is a customs free zone (free port)?

A free zone (customs free port) is a delimited geographical area within the customs territory where goods can be introduced, stored, processed or transformed without…

How are customs duties calculated for imports into Switzerland?

Swiss customs duties are calculated primarily based on weight (unlike the EU which uses value). The process involves: 1) Classification of goods using the 8-digit Tares…

What documents are required to import goods into Switzerland?

To import goods into Switzerland, the following are generally required: 1) Commercial invoice with value, origin and detailed description of goods; 2) Packing list with…

What is the difference between T1 and T2 in customs transit?

T1 (external transit) is used for non-Union goods (from third countries) crossing the EU/EFTA customs territory. Goods travel under customs bond without intermediate…