import vat and accounting for the stock purchase?

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asked Sep 12 '16 at 15:03

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	ACCOUNTING TREATMENT OF IMPORT PURCHASE ACCOUNTING TREATMENT OF IMPORT PURCHASE ... After arrival of the goods the importer pays the custom duty to custom department.
	Accounting for import freight charges as part of cost of goods ... Set up sub account under Cost of goods for Import duties and transport or one for ... under direct purchase cost which is what needs to be allocated to the stock ...
	Import Duty & VAT Threshold on Imported Goods! For business purchases, import duty is NOT charged if: ... is that it makes it impossible to properly book these orders and sales within your accounting. ... .. Unless you just keep stock in the US and send to customers from there.

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