You need to know about it tax deposit when you dedicate yourself to the import and export of products. Within foreign trade it is a concept that is important for you to know because you should not confuse it with a tax area, they differ from each other, as they are different concepts.
But so that you can understand their difference, it is necessary that you know what these concepts are that are often confused, what are their characteristics and other factors that make them not the same. For this reason, below you will get all the information …
How does the tax deposit work?
- The tax deposit It works in such a way that it allows the products to be partially or totally extracted after paying fees, contributions and taxes with a value updated to the corresponding period from entry to the country and until it is removed from the warehouse.
- With internal transit, the products can be returned abroad and it even allows the products to be marketed in warehouse.
- If the nature of the products in the tax warehouse is not modified, and their taxable bases for customs purposes, they can be exhibited, examined, packaged and even samples taken in which case it is necessary to pay countervailing duties and contributions corresponding to those samples.
- However some products are not allowed. For example essential chemicals, chemical precursors, precious stones, pollutants, nuclear products, radioactive, explosives and weapons.
- All product that leaves or enters the country adheres to a customs regime such as the fiscal warehouse, which is not the same as the fiscal compound.
- Companies can store products of national or foreign origin in general warehouses that are managed by individuals with authorization from the customs authorities.
- They are warehouses that are located anywhere in the country and have the relevant authorization.
What is a tax deposit?
- What is a tax deposit?, as it is the physical place where the products that you import from abroad are stored and even the national products that are stored in the general warehouses, to which the customs authorities authorize them.
- They respond to a regime that works after determining foreign trade taxes and countervailing duties.
What is the tax deposit regime?
- What is the tax deposit regime? It is a system that allows individuals to keep their products stored for as long as they need it.
- It even allows you to delay in choosing the import regime.
- You can store the products while you pay for the service and the storage contract remains in force.
- As long as you pay the compensatory fees, contributions and taxes, you can make a total or partial import.
- You can use internal transit if you choose to return the products abroad.
- You can withdraw products of foreign origin for their final import.
- You can withdraw the products of national origin for their final export.
- With IMMEX programs you can perform a temporary import.
- The warehouses can function to sell foreign and national products and to expose them in high seas, border and international ports.
- All these products in the previous case are not subject to the payment of taxes as long as they are sold to passengers who leave the country with destination abroad and the delivery of these products is made at the exit points of the country.
- To this regime are added the products sold to passengers who arrive in the country from abroad at international airports and are sold and delivered in establishments known as Duty Free.
- The products that cannot be incorporated into the fiscal deposit are watches, amber, ivory, coral, jade, pearl, precious metal, emerald, sapphire, ruby, diamond, essential chemicals, nuclear merchandise, pollutants, explosives, ammunition and weapons.
What are the fiscal warehouses?
1What are the fiscal warehouses? They are the spaces that are destined for the storage of merchandise that are subject to pay import duties and are merchandise that can only be withdrawn after payment of this right.
- They are part of the customs service and each one of them has a customs delegation that authorizes the deposit of the products, because only with this authorization the importer can dispose of them, otherwise they cannot do so until the declaration of the goods is presented or of your final destination.
- A fiscal warehouse is authorized if it was previously a general warehouse for deposits.
What are tax precincts?
Now you will understand What are tax precincts? And you will realize what the difference is with the tax deposit:
- It is the place where the customs authorities guard, store, unload and load the merchandise.
- They are goods that are not subject to the payment of foreign trade taxes or taxes.
- Nationalized, national or foreign merchandise enters but for a limited time for storage, custody, handling, display, repair, elaboration, distribution or transformation.
- The maximum time that goods arriving from abroad can remain in the tax area is two years, except in the case of systems of the administrative sector, general machinery, laboratory equipment, industrial safety devices, quality control, goods of the area of telecommunications and test products.
- Keep in mind that the waste resulting from the manufacturing, transformation or repair processes are not subject to contributions or compensatory fees.
- Goods can be withdrawn from the tax area when they come from abroad and are definitively imported.
- Merchandise from the same country can also be withdrawn from the venue to be exported permanently.
- To allocate them to the tax deposit regime.
- They can be found in ports or airports when they have not yet been assigned a customs regime, since it is in the area where they will be assigned and the clearance will take place.
- In the case of the controlled area, it is the site that is concessioned to individuals through a tender, it can be a cargo terminal where containers arriving in the country from abroad are loaded and unloaded.