In a series of articles to be published in subsequent issues
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Feature
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Free Trade Zone
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Customs Warehouse
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Customs authorities’ powers of control and customs supervision
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At the borders.
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Inside (the entire area and the goods deposited therein).
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Area
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Land ranging from a few to several dozen hectares, as well as buildings and structures.
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Storage areas from several dozen to several thousand m2 (there are no formal size restrictions).
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Permissible activities
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Storage of goods and operations on goods: production, trade, and services.
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Storage of goods only.
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Customs formalities
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Possibility to waive the customs declaration on the SAD document.
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Trade involving a customs warehouse must take place via a SAD customs declaration.
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Tax reliefs
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Possibility to waive VAT collection (but not in Poland).
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Possibility to waive VAT collection is only being considered by the legislator.
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Customs facilitations
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No monetary obligation arises. There is no requirement to provide financial security. Trade policy measures are not applied. There is no need to obtain certain administrative permits.
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Apart from the suspension of customs duty and tax collection, other elements of fiscalism and bureaucracy may occur – this depends on the specifics of the goods and the credibility of the entity using the customs warehouse or operating the customs warehouse.
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Basis for conducting business.
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Regulation of the Minister of Finance.
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Permit from the Director of the Customs Chamber.
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Benefits for the public sector:
economic activity / storage services and preparation for distribution
as well as warehouse and transport work
economy and activation of the economic environment