Tanzania Boosts Trade with Upgraded Customs System

Tanzania Boosts Trade with Upgraded Customs System

With support from WCO/JICA, Tanzania is actively developing a customs risk management framework to enhance customs efficiency, combat smuggling and tax evasion, and promote trade facilitation. Through risk identification, assessment, control, and monitoring, this framework will help Tanzanian customs address challenges and contribute to national economic development. International cooperation and continuous improvement are key. The risk management concept is also applicable to other areas.

Comoros Customs Strengthens Audits to Boost Revenue Trade

Comoros Customs Strengthens Audits to Boost Revenue Trade

With the support of the World Customs Organization and the China Customs Cooperation Fund, Comoros Customs is actively promoting the establishment of a Post-Clearance Audit (PCA) system to optimize tax collection and facilitate trade. Through national workshops, enhanced staff training, and improved legal frameworks, Comoros Customs is working to overcome challenges and build a balanced trade environment. This initiative aims to contribute significantly to the economic development of Comoros by streamlining customs procedures and ensuring compliance.

Customs Tax Exemption Nature Code Explained: Classification and Application

Customs Tax Exemption Nature Code Explained: Classification and Application

The customs exemption nature codes are used to classify the taxation and exemption of import and export goods into five categories: statutory taxation, statutory exemptions, specific exemptions, other exemptions, and provisional tax rates. Each code consists of three digits that clarify the nature and order of taxation or exemption. This system holds significant guiding significance and practical value for reasonable customs declaration and tax compliance.

Latin America Strengthens Tax Customs Systems Through Global Partnerships

Latin America Strengthens Tax Customs Systems Through Global Partnerships

The "Senior Tax and Customs Administration Program," jointly organized by institutions like the IMF and WCO, aims to enhance the capabilities of mid-to-senior level managers in tax and customs administrations across Central and South America. This program, delivered through a blended online and offline approach, provides training in areas such as strategic planning, risk management, and change management. It assists customs and tax departments in addressing global trade and tax challenges, ultimately contributing to economic development in the region.

Latin American Officials Boost Tax Customs Expertise in Training

Latin American Officials Boost Tax Customs Expertise in Training

The Advanced Course on Tax and Customs Administration for Latin America and the Caribbean, co-organized by institutions like the IMF, successfully concluded. It aimed to enhance the management capabilities of senior officials in the region to address challenges in the complex international trade environment. The curriculum covered strategic management, risk management, performance management, and international cooperation. With the fifth edition of the course soon to launch, it will further contribute to sustainable development by equipping officials with the necessary skills and knowledge to navigate the evolving global landscape and promote efficient tax and customs practices.

Cameroon Customs Raises Tax Revenue Via WCO Audit Support

Cameroon Customs Raises Tax Revenue Via WCO Audit Support

The World Customs Organization (WCO) is assisting Cameroon Customs in enhancing its Post-Clearance Audit (PCA) capabilities to improve clearance efficiency, optimize resource allocation, and strengthen tax administration. Through diagnostics, action plan development, and specific recommendations, the WCO is helping Cameroon establish a professional and stable PCA organizational structure. This initiative aims to achieve a win-win situation of trade facilitation and revenue security, ultimately contributing to more efficient customs operations and increased revenue collection for the country.

Eastsouthern Africa Customs Officials Tackle Transfer Pricing

Eastsouthern Africa Customs Officials Tackle Transfer Pricing

A joint workshop by the World Customs Organization (WCO) and the OECD aimed to enhance the expertise of customs officials in East and Southern Africa on transfer pricing and customs valuation. The initiative promotes regional customs cooperation, maintains fair trade practices, and combats tax evasion. By strengthening the capacity of customs administrations in these areas, the workshop supports efforts to ensure accurate valuation of goods and prevent illicit financial flows, ultimately contributing to a more transparent and equitable global trading system.

WCO JICA Boost Customs Revenue in Pacific Islands

WCO JICA Boost Customs Revenue in Pacific Islands

The World Customs Organization (WCO), in collaboration with the Japan International Cooperation Agency (JICA), launched the Pacific Islands Customs "Professional Mentoring Framework" (PMF) to enhance customs modernization in the region. A preparatory meeting identified customs valuation and commodity classification as priority areas. The project's success hinges on accurate needs assessments, practical training content, diverse training methods, scientific impact evaluation, and ensuring sustainability. The PMF aims to build capacity and improve tax administration through effective mentorship and targeted training programs.

WCO Enhances PICARD Standards to Strengthen Global Customs Operations

WCO Enhances PICARD Standards to Strengthen Global Customs Operations

The World Customs Organization (WCO) is upgrading the PICARD Professional Standards (PS) to adapt to the evolving global trade landscape. The updated standards will encompass key areas such as public-private sector cooperation, customs and tax function integration, and coordinated border management. It will also address emerging trends, security, trade facilitation, technological advancements, and project management. The WCO invites stakeholders to participate in capacity building initiatives to jointly promote global customs development. This collaborative effort aims to enhance customs efficiency and effectiveness worldwide.

Data Analytics Boosts Customs Trade Efficiency and Security

Data Analytics Boosts Customs Trade Efficiency and Security

The 215th/216th sessions of the WCO Permanent Technical Committee (PTC) highlighted the pivotal role of data analysis in modern customs operations. Discussions focused on leveraging big data and innovative technologies to optimize trade facilitation, risk management, supply chain security, and customs-tax cooperation. This charted a course for the future development of customs, emphasizing data analysis as a new engine driving trade facilitation and security. The meeting underscored the importance of data-driven insights for enhancing efficiency and effectiveness in customs administration.