Customs Value of Goods — Determination Procedure and Impact on Payments
The customs value of goods serves as the basis for calculating duties and VAT upon import. Accurate determination of this value directly affects the amount of mandatory payments and the overall landed cost of the shipment.
What Is Included in the Customs Value
The customs value base includes the contract price of the goods, transportation costs, insurance, and other expenses related to delivery up to the border.
The calculation structure is closely linked to the procedure for determining customs payments in Georgia and the selected customs regime.
Factors Affecting Value Adjustment
Documentary Evidence
Invoices, contracts, and transport documents must confirm the declared price and transaction terms.
Transactions Between Related Parties
Transactions between affiliated companies are subject to additional review by customs authorities.
Comparable Market Transactions
Customs authorities may compare the declared value with similar import operations.
Impact on VAT and Duties
The customs value of goods is used to calculate VAT upon import in Georgia and the amount of customs duties.
Errors in determining the base increase the cost of import via Georgia and create the risk of adjustments by customs authorities.
- Accurate tax base calculation
- Minimization of value adjustments
- Financial transparency of the transaction
- Reduction of additional assessment risks
Verify the Customs Value Calculation
Provide contract and logistics details. ALMAZI will analyze the declared value and assess potential adjustment risks before submission of the declaration.
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