{"id":2676,"date":"2019-09-18T08:46:55","date_gmt":"2019-09-18T08:46:55","guid":{"rendered":"https:\/\/way2vat.com\/?p=2676"},"modified":"2022-10-31T09:42:54","modified_gmt":"2022-10-31T09:42:54","slug":"how-to-process-vat_gst-reclaim-for-delivery-duty-paid-ddp","status":"publish","type":"post","link":"https:\/\/way2vat.com\/how-to-process-vat_gst-reclaim-for-delivery-duty-paid-ddp\/","title":{"rendered":"HOW TO PROCESS VAT\\GST RECLAIM FOR IMPORT VAT\\GST (DDP)"},"content":{"rendered":"

Managing your VAT\\GST return is a complicated process at the best of times, but it gets even more challenging when you add shipping costs for delivery duty paid (DDP) items into the mix.<\/p>\n

Generally, your company\u2019s VAT\\GST refund comes from VAT\\GST that the company paid on products and services that were purchased, not products that your company sold or supplied. But Import VAT\\GST brings another level of complexity to VAT\\GST reclaim.<\/p>\n

Preparing a VAT\\GST return involves consolidating data from a variety of sources and checking the relevant accounts and underlying documents to ensure accuracy. This includes standard AP transactions and also Travel Expense items. However, import VAT\\GST can come with an entirely new set of accounts, documents and rules to understand.<\/p>\n

WHAT IS DDP?<\/h3>\n

DDP is an incoterm, meaning Delivery Duty Paid. i.e. that the selling party will deliver goods to a final destination and be responsible for other import items, e.g. VAT\\GST, sales tax, customs charges, and import duty.<\/p>\n

There are many genuine business reasons why a business may wish to use the incoterm DDP, including;<\/p>\n