Retailers Warn of Surging Import Tax Costs

Retailers Warn of Surging Import Tax Costs

The US Republican proposal for border adjustment tax aims to lower corporate income tax while taxing imported goods, raising concerns in the retail industry. This policy could significantly increase the tax burden on imported goods, impacting businesses reliant on global supply chains. While the initial intention of the tax reform is to encourage domestic production, experts believe there are many challenges in reality. The retail industry is actively seeking coping strategies, and the final direction of the tax reform remains uncertain.

01/29/2026 Customs Knowledge
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US Customs Adopts Digital Tax Refunds As Tariff Policies Shift

US Customs Adopts Digital Tax Refunds As Tariff Policies Shift

U.S. Customs and Border Protection (CBP) will fully implement electronic refunds starting February 6th, eliminating paper-based refunds. This initiative aims to reduce costs, minimize delays, enhance security, and prepare for a potential wave of Trump-era tariff refunds. Businesses should complete electronic registration promptly, verify data accuracy, and closely monitor policy developments to capitalize on opportunities and mitigate risks. The transition to e-refunds is expected to streamline the refund process and improve efficiency for both CBP and trade stakeholders.

01/30/2026 Customs Knowledge
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OTP Banka DD SWIFTBIC Code Guide for Croatia

OTP Banka DD SWIFTBIC Code Guide for Croatia

This article discusses the SWIFT/BIC code OTPVHR2XRJK for OTP BANKA D.D., emphasizing its significance in international remittances. It provides basic information about the bank and analyzes the structure of the code. The article also recommends verifying the accuracy of the information before making a remittance to ensure a smooth transaction.

08/20/2025 International Settlement
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South Sudans Banking Sector Faces Challenges in International Remittances Alternative if Focus Is Broader banks Struggle to Facilitate Remittances in South Sudan

South Sudans Banking Sector Faces Challenges in International Remittances Alternative if Focus Is Broader banks Struggle to Facilitate Remittances in South Sudan

The article provides information on the branches of the Central Bank of South Sudan and a guide to SWIFT codes. It emphasizes the importance of using the headquarters' SWIFT code for international remittances and advises consulting the bank for accurate branch information to ensure the safety and timely arrival of funds.

09/11/2025 International Settlement
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Norways Sparebank 1 Srnorge Explains SWIFT Code Use

Norways Sparebank 1 Srnorge Explains SWIFT Code Use

This article provides detailed information about the SWIFT code for SpareBank 1 SR-Norge ASA in Norway, helping users ensure the security and accuracy of their international transfers. It includes the main SWIFT code and relevant information for each branch, emphasizing the importance of confirming the correct code when in use.

09/08/2025 International Settlement
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