Customs starts raising price of imports by amount of recipients’ dividends / Commentary / Vedomosti
Pull & Bear, Bershka and Chanel have already disputed this practice. The courts refuse to charge additional customs fees for the import of goods by including the amount of dividends paid abroad in their cost. Deloitte, as well as the Association of European Businesses, have drawn attention to the increasingly frequent attempts of the Federal Customs Service to raise the price of imported goods, and ultimately the amount of import VAT and duties.
Anna Zabrotskaya, Specialist Partner, Head of the Dispute Resolution Practice and Head of the Fashion & Lux Practice at Borenius Russia, commented to Vedomosti business newspaper on potential consequences if the trend of including paid dividends in customs value continues.