# HS Codes submission and VAT calculation ### **Step 1: HS Codes Submission** * After a Buyer places an Order, Parallel requests the **HS codes** for the products from the Seller. * Sellers must provide **accurate HS codes promptly** to avoid delays in VAT calculation and Order confirmation. ### **Step 2: VAT Calculation** * Parallel calculates the applicable **Value Added Tax (VAT)** based on the submitted HS codes. * The VAT is added to the **final invoice**, which includes the remaining 90% of the Order value plus VAT. ### **Step 3: Final Proforma Invoice** * Once VAT is calculated, Parallel issues the **final proforma invoice** to the Buyer. * Buyers must complete the remaining payment within **48 hours** to confirm the Order. ### **Tips for Sellers** * Ensure HS codes are accurate and correspond to the specific product being sold. * Submit HS codes promptly after receiving an Order to avoid delays. * Keep documentation ready in case Parallel requests proof or clarification for VAT calculation. ### **Tips for Buyers** * Review the final invoice carefully to confirm VAT and total amounts. * Contact Parallel if there are any discrepancies or delays in HS code submission. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://parallelbroker.gitbook.io/parallel/ordering-and-payment-process/hs-codes-submission-and-vat-calculation.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.