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Attorney-at-law Jaak Siim is stating that „Goods are lost but debt remained“
In the 3/2017 issue of accounting magazine „Raamatupidamisuudised“, attorney-at-law and partner Jaak Siim is explaining in which cases and to what extent an entrepreneur is liable for the payment of taxes applicable to the import of goods if the undeclared items are stolen or dispossessed in other illegal manner.
Based on the European Court case law, the article is analysing if an entrepreneur who is the owner of the goods targeted to customs warehousing procedure, should consider the occurrence of customs tax and VAT obligation also in case the referred goods are transferred from his possession as a result of illegal activity (robbery, theft or other).
Full article in Estonian is available to the subscribers of the accounting magazine “Raamatupidamisuudised”.
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