Customs Valuation and Transfer Pricing Align for Multinationals

Customs Valuation and Transfer Pricing Align for Multinationals

The World Customs Organization (WCO) and the OECD jointly held a seminar in Pretoria, focusing on the nexus between customs valuation and transfer pricing. The conference promoted cooperation between tax and customs authorities, exploring the application of transfer pricing studies in customs valuation. It emphasized information sharing, aiming to build a fairer international trade environment. Discussions centered on how transfer pricing methodologies can inform customs valuation practices, ensuring accurate and equitable assessment of goods for duty purposes. The initiative seeks to enhance transparency and combat illicit financial flows related to trade.

12/30/2025 Customs Knowledge
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WCO Analyzes Customs Valuation and Transfer Pricing Challenges

WCO Analyzes Customs Valuation and Transfer Pricing Challenges

WCO Case Study 14.2 examines the relationship between customs valuation and transfer pricing, based on a Chinese case. It emphasizes cooperation between customs and tax authorities to help enterprises avoid valuation risks and enhance regulatory capabilities. The study highlights the importance of coordinated efforts in addressing the challenges posed by the intersection of these two areas in international trade. This collaboration aims to ensure fair and accurate valuation practices, contributing to a more transparent and efficient global trading system.

01/05/2026 Customs Knowledge
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Lima Airport Transfer Tax Raises Airline Competition Fears

Lima Airport Transfer Tax Raises Airline Competition Fears

The implementation of an international transit tax at Lima Airport in Peru has drawn criticism from IATA, who argue it weakens the airport's competitiveness and limits growth. IATA urges the government and airport authorities to collaborate on sustainable alternatives that protect passenger interests, foster aviation development, and enhance Peru's connectivity and competitiveness. They believe the tax hinders the airport's ability to attract connecting flights and ultimately harms the Peruvian economy. Finding a viable solution is crucial for ensuring the long-term success of Lima Airport and the broader aviation industry in Peru.

01/15/2026 Logistics Industry Insights
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ASB Bank Simplifies Swift Code Transfers in New Zealand

ASB Bank Simplifies Swift Code Transfers in New Zealand

This article provides a comprehensive SWIFT code guide for ASB Bank (New Zealand). It details the usage scenarios of the primary code and branch-specific codes. Furthermore, it offers practical tips to avoid common pitfalls and essential information for receiving funds, ensuring a secure and efficient cross-border money transfer experience. This guide aims to help users navigate international payments with ASB Bank effectively and safely.

09/02/2025 International Settlement
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Guide to Butterfield Bank guernsey SWIFT Codes for International Transfers

Guide to Butterfield Bank guernsey SWIFT Codes for International Transfers

This article analyzes the SWIFT code BNTBGGSXXXX for Butterfield Bank in Guernsey, providing a guide for international money transfers. It emphasizes the importance of verifying information and recommends using Xe for potentially better exchange rates and faster transfers. This is a helpful resource for anyone needing to send money to or from Butterfield Bank in Guernsey, ensuring accuracy and exploring alternative transfer options for optimal results.

09/01/2025 International Settlement
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