BBO BAZV BAVP “at the border” effective as of August 1st, 2023!

With the introduction of the BBO at the border, Customs will charge all importers, both traders and private individuals, the 7% BBO/BAVP y BAZV of the customs value as soon as a product has been imported. It is important to note that only traders who import merchandise for the purpose of sale are entitled to deduct the BBO amount paid at the border. Traders acquire this right when they pay BBO at the border and submit their BBO declaration to the tax authorities.