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LOGISTICS Fiscal representation Fiscal Rep B.V. specializes in developing VAT, customs and administrative solutions for companies who trade or want to trade in the EU and require a proper and compliant setup of their logistical processes relating to EU customs and VAT. Fiscal Rep BV was founded in June 2010. The founders have a combined experience of more than 30 years in handling logistics, customs and VAT matters in the EU. Fiscal Rep B.V. therefore has a strong background in customs and VAT Compliance. Fiscal Rep BV and TLogistics have formed a strategic partnership in June 2011 and have been successfully working together serving predominantly US based customers. Fiscal representation Each foreign company that wants to setup a European Distribution Centre in the Netherlands and /or imports their goods into The Netherlands has to pay Dutch VAT on importation. This leads to registration obligations for VAT purposes and cash flow disadvantages. If the foreign company doesn’t have a permanent establishment in the Netherlands, the company has the possibility to appoint a fiscal representative. The benefit of appointing a fiscal representative is that the foreign company can make use of the import deferment rule of article 23 of the Dutch VAT act. Applying the deferment rule means that actually no Import VAT has to be paid and reclaimed at a later moment. 1st stage is the Application process estimated timeline 1 week : Power of attorney POA to authorize Fiscal Rep BV to act as the general fiscal representative of the foreign company. Application form: “vat identification number for foreign enterprise”. The foreign company has to answer all the applicable questions. An extract of the registration of the foreign company in the chamber of commerce in the registered country if applicable. A copy of the ‘deed of incorporation’. A statement showing that the foreign company as an entrepreneur is liable to pay tax in their own country. IRS statement, form 6166,