ITA

Incoterms®: customs, tax and operational impacts in international transactions

Incoterms® (International Commercial Terms) published by the International Chamber of Commerce (ICC), define the allocation of obligations, risks, and costs between sellers and buyers in international sales of goods.

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Contractual value and function of Incoterms

Although they are not legal provisions in themselves, Incoterms® become contractually binding, when explicitly referred to in a sales contract.

Customs and tax implications of Incoterms

The choice of the appropriate Incoterm® has a direct impact on many aspects, including:

  • Determination of the place of delivery;
  • Responsibility for customs formalities (export or import);
  • Determination of customs value for duty purposes;
  • VAT treatment in intra-EU and extra-EU transactions.

Easyfrontier’s support in managing Incoterms

Easyfrontier assists companies in the technical analysis and strategic selection of Incoterms®, carefully evaluating:

  • The consequence on logistics organization;
  • The impact on customs and tax compliance;
  • The correct allocation of additional costs (transport, insurance and customs clearance).

The service also includes a detailed review of consistency between commercial contracts, customs documentation, and value declarations – a crucial step to prevent disputes and ensure compliance during customs audits.

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