What can businesses do during the COVID-19 crisis from a customs perspective to minimise supply chain disruption and what steps can they put in place to ensure Business As Usual post crisis?
Cross-border trade is suffering considerably from the effects of the global COVID-19 pandemic. It is not so easy to find your way through the maze of new trade restrictive and trade facilitation measures, and what they mean in the short term and long term for customs and trade management. So it may be helpful to take a step back and look at the main implications and a starting point for prioritisation and action.
On 23 March 2020, the Federal Customs Administration officially published a set of measures to support companies affected by the coronavirus during this challenging time. The package is especially focused on simplifications regarding payment settlement and operational customs clearing handling for specific types of goods and professional groups.
Thousands of British firms will finally be given crucial paperwork that allows them to continue trading with the EU after a no-deal Brexit. After months of demands from businesses, more than 88’000 VAT-registered companies will be given a registration number in the next two weeks that allows EU customs authorities to identify them.
Without the paperwork, known as an Economic Operator Registration and Identification (EORI) number, UK firms would not be allowed to trade with the EU after 31 October 2019.
In accordance with the Turkish VAT Law, importation of goods and services is subject to VAT, and the taxpayer for the importation is defined as the importer. In other words, the importer of record is the party which imports the goods. Please note that tax ID is required for importation procedures; therefore, only a Turkish resident entity may conduct importation.Read More »
With the approaching summer, I would like to take the opportunity to meet you prior to the holiday season and discuss the latest developments and upcoming challenges in the ITX world.
The EU Quick fixes, i.e. measures aiming to improve the current VAT system applicable as of January 2020 will require businesses to adapt their systems and processes. We will therefore share with you the first observations collected from the various EU countries that have already released their draft legislation and discuss the practical implementation and steps required to check the readiness of your company in connection with those new rules.
As usually, we will provide you also with an overview of worldwide developments including practical experiences from recent VAT audits in Switzerland and interesting ITX news from locations, such as Bangladesh, India and China.
Prior the judiciary holidays, we will present the latest impacting cases issued by the ECJ with particular focus on the input VAT deduction right and the points of attention for businesses to secure those rights, particularly, in supply chain transactions.
Finally yet importantly, we will discuss the trade wars and the resulting increased focus on customs as with the increase in rates the duties become more important as ever. Since experience shows that businesses are often lacking the necessary controls in this area, our Customs specialists will share their insights on the future developments and present the solutions that businesses could implement to assess their actual position and identify potential saving opportunities.
08:00 Welcome & coffee 08:30 Introduction 08:40 VAT Outlook: EU Quick fixes & Latest ITX developments around the globe 09:00 Impacting Case Law 09:20 Customs update: Trade wars & Insights on Customs processes, management & optimization 10:00 Q&A & networking 10:30 End of the event
Dubai Customs has decided to provide additional customs benefits to air shipments completed by courier companies to facilitate and reduce the cost of exporting or transiting low value consignment goods in/from Dubai.
Dubai Customs has recently issued the Customs Notice No. (4/2019) to announce further benefits for courier companies that process export, transit and re-export declarations via the Dubai electronic clearance system (Mirsal II). The new benefits are applicable to air shipments only, and represent an important measure to facilitate the export, transit and re-export of low value consignments by courier companies. One of the main beneficiaries of this development are e-commerce businesses that ship goods from distribution centers located in Dubai to regional and global markets. The new facilities shall be effective as of 1 July 2019.Read More »
Bei PwC tun wir für unsere Mitarbeitenden genau das, was wir auch für unsere Kunden tun: Mehrwert schaffen in den Bereichen Wirtschaftsprüfung, Steuer- und Rechtsberatung, Consulting, Deals und Digital Services. Und du kannst dasselbe tun. Liebst du Veränderung und möchtest du die Zukunft eines der weltweit führenden Beratungsunternehmen mitgestalten? Dann hast du genau das, worauf es ankommt. Die Fähigkeit «to reimagine the possible»!Read More »
Gerne mache Ich Sie auf die Zollrechtstagung am 14. Mai 2019 aufmerksam, die wir in Bern bereits zum achten Mal durchführen. Es erwarten Sie spannende Themen und erfahrene Referenten sowie Vertreter der Behörden aus dem In- und Ausland. Daneben bietet die Zollrechtstagung eine ideale Plattform, um sich über die aktuellen Entwicklungen und Trends im Zoll- und Aussenhandelsbereich zu informieren, sich neues Fachwissen anzueignen und sich mit anderen Firmenverantwortlichen sowie Experten auszutauschen.Read More »
The cash-free import VAT settlement, as a result of the simplified procedure, will be limited from 1 May 2019. The end of April 2019 is the limit date for the reassessment of permits to use the simplified procedure. The need for their re-verification resulted from the introduction of the EU Customs Code (UCC) instead of the previously applicable Community Customs Code (CCC).Read More »