In application of Article 13.1 of the EU Council Directive 2006/112/CE on the common system of the value added tax, all orders for goods and services provided by the WCO are invoiced exclusive of VAT since the WCO is regarded as non-taxable person in respect to the activities or transactions in which it engages as public authority within its scope of activity defined in the Convention of 15 December 1950 establishing a Customs Co-operation Council, even where it collects dues, fees, contributions or payments in connection with those activities or transactions.
About this course
Questions related to Customs valuation are vital in terms of international trade development. The WTO Valuation Agreement is an international agreement which defines seven methods to determine the Customs value of imported goods.
The aim of this course is to provide learners with a general introduction to Customs Valuation and knowledge on how and when to apply the different valuation methods. The course will benefit both trainees wishing learn about the WTO Customs Valuation Agreement and the different valuation methods for the first time, as well as, those who seek information about a specific method in detail.
In the final module of the course, learners can use the Performance Support module. This tool can inform users on which methods to choose and how to navigate the WTO Customs Valuation Agreement.
At the end of this course, learners will be able to:
This course was developed thanks to the financial support of CCF-Korea.