Despite the fact that fiscal trade barriers have been significantly reduced, international trade still remains a highly regulated and taxed area. The applicable rules are complex and need careful consideration.

Customs duty rates are going down as a result of agreements reached under the WTO. Nevertheless the importance of customs duty planning is not to be underestimated, due to the exponential increase in global trade of products which are still dutiable in the various customs jurisdictions. Customs duty planning improves efficiency, results in calculated risk, and minimizes duty payment.

Besides building documentation for transfer pricing purposes, companies should also be aware of the different customs documentation and reporting requirements. The border still exists and likewise under the regimes of direct tax, the customs authorities perform high quality (customs) valuation assessments and also start to develop integrated action plans with their corporate tax and transfer pricing colleagues.

In recent years tax effective supply-chain management has also become important for many multinationals. It is inevitable that customs and international trade solutions should be considered when looking at the management of your supply chain. In addition, supply chain security has turned into one of the top priorities for governments, resulting in a new level of complex requirements to be met.  To ensure that goods are moved quickly across borders companies should meet numerous strict requirements (e.g. CT-PAT, AEO, Blue lane, Impresa regulations).

Transfer Pricing Associates Customs adds value to your bottom line and provides integrated solutions that enable you to pay the right amount of tax, avoid risk, and speed-up the supply chain.