Despite its vibrant tech ecosystem, Spain’s import and export regulations can be complex. Understanding key terms like customs duties, tariffs, import licenses, and ECCNs is crucial for ensuring smooth cross-border trade. Navigating entry documentation, import declarations, and payment of duties requires expertise in trade compliance.
Businesses must electronically declare the value and HS code of their imported goods to Spanish customs authorities through the Sistema de Intercambio Telemático (EDI system). Fortunately, businesses can leverage the services of a global IOR provider to navigate this complex landscape. These experts offer various services, including EOR services, management services, and legal entity representation. They can help businesses achieve customs compliance, ensure timely deliveries, and avoid costly non-compliance penalties.
Import duties are imposed on goods entering Spain. These are determined by the Harmonized System (HS) code assigned to the product and vary depending on the country of origin and trade agreements. Duties are payable at the time of import. With TecEx, we take on this responsibility, ensuring payment of duties and taxes in the local currency.
