Transaction value

The transaction value is a commonly used method to determine the customs value of imported goods. It is based on the price actually paid or payable for the goods when sold for export to the country of importation. This method is preferred because it reflects the actual price of the commercial transaction, thus providing a transparent and fair basis for calculating customs duties.

How is it calculated?

To calculate the transaction value, it is essential to consider not only the sale price but also other elements that may influence this price. This includes transportation costs, insurance, and sales commissions, provided they are not already included in the price paid. Adjustments may also be necessary for license fees or royalties related to the importation of the goods.

Practical tips

• Complete documentation: Ensure you keep all documents related to the transaction, such as commercial invoices, sales contracts, and proof of payment. These documents are crucial to justify the declared value.
• Transparency: Be transparent about all costs associated with the importation to avoid adjustments or penalties during customs checks.
• Consultation with experts: In case of doubt, it may be wise to consult a customs expert to ensure that the transaction value is correctly declared.

Useful links

• WCO Guide on Transaction Value
• EU Customs Regulations

By understanding and correctly applying the transaction value method, importers can not only comply with customs requirements but also optimize their import costs.