Gambia Tax Authority Adopts Dashboards to Improve Revenue Collection

Gambia Tax Authority Adopts Dashboards to Improve Revenue Collection

With funding from Sweden and support from the World Customs Organization, the Gambia Revenue Authority is actively developing a strategic dashboard. This initiative aims to enhance performance in key areas such as tax collection, trade facilitation, compliance management, reform modernization, and human resource management through data-driven decision-making. The ultimate goal is to comprehensively upgrade and ensure the sustainable development of tax administration in Gambia.

WCO Aids Bosnias Tax Authority in Risk Management Boost

WCO Aids Bosnias Tax Authority in Risk Management Boost

Funded by the WCO's Eurocustoms Fund, a risk management workshop was held for the Indirect Taxation Authority of Bosnia and Herzegovina (ITA BiH) to enhance its risk management capabilities. The workshop covered risk assessment, analysis, and response strategies, sharing international best practices. This initiative aims to lay the foundation for a robust risk management system within ITA BiH, ultimately improving tax collection efficiency and combating illicit activities. The training will help the ITA BiH better identify and mitigate potential threats, leading to more effective and secure customs operations.

Hong Kong Doortodoor Shipping Trade Terms and Tax Guide

Hong Kong Doortodoor Shipping Trade Terms and Tax Guide

This article provides a detailed analysis of door-to-door shipping, including its definition, relevant Incoterms (DDP and DDU), and Hong Kong's tax and duty regulations. It also discusses how to choose the right door-to-door shipping service. Furthermore, it compares door-to-door shipping with other common Incoterms like CIF and FOB. The aim is to provide readers with a comprehensive understanding of door-to-door shipping, enabling them to make more informed decisions in international trade.

SHEIN Imposes Tax Withholding for Sellers to Boost Compliance

SHEIN Imposes Tax Withholding for Sellers to Boost Compliance

SHEIN has officially launched income tax withholding services, simplifying tax filing for sellers in its fully managed model. Sellers can choose platform withholding or self-declaration; unregistered sellers will have their taxes reported by SHEIN. Amazon Mexico will also begin withholding taxes from 2026, signaling a growing trend towards tax compliance in cross-border e-commerce. Sellers need to pay close attention to policy updates and assess the impact on their operating costs. This shift highlights the increasing importance of adhering to tax regulations in the global e-commerce landscape.

Latin America Trade Grows with Enhanced Tax Customs Program

Latin America Trade Grows with Enhanced Tax Customs Program

The IMF and the Spanish Institute for Fiscal Studies jointly concluded a senior seminar on tax and customs administration in Central and South America. This seminar aimed to enhance the strategic skills of tax and customs officials in the region. Using a blended online and offline format, the course covered various aspects of tax and customs management. A fifth session is planned for late November, focusing on developing modern management skills and improving voluntary compliance. The program is designed to foster more effective and efficient tax and customs systems.

Sierra Leones NRA Enhances Talent Management for Tax Efficiency

Sierra Leones NRA Enhances Talent Management for Tax Efficiency

The National Revenue Authority (NRA) of Sierra Leone, with support from the World Customs Organization (WCO), launched a Human Resources Modernization Upgrade Program. This initiative aims to build a professional and efficient tax workforce by establishing a competency-based HR system, ultimately improving tax collection efficiency, optimizing the business environment, and contributing to national economic development. The program includes components such as diagnostic assessments, capacity building initiatives, and regional cooperation. It provides valuable experience for other developing countries' tax agencies seeking to modernize their HR practices.

WCO Enhances Ethiopias Tax Revenue with Improved Audit System

WCO Enhances Ethiopias Tax Revenue with Improved Audit System

The WCO is assisting Ethiopian Customs in upgrading its Post Clearance Audit (PCA) capabilities. This includes updating the PCA manual, optimizing audit procedures, and introducing risk assessment methodologies. These improvements aim to enhance tax revenue collection efficiency. The project focuses on strengthening Ethiopian Customs' ability to effectively conduct post-clearance audits, thereby contributing to improved trade facilitation and overall customs administration performance. The WCO's support is crucial for building a more modern and efficient customs system in Ethiopia.

US Trade Policies Fuel Global Economic Worries Over Tariffs Tech

US Trade Policies Fuel Global Economic Worries Over Tariffs Tech

The US continues tariffs and tech export restrictions against China, revealing its own economic anxieties. A strong dollar and hawkish interest rate hikes further exacerbate problems for emerging markets like Latin America. Faced with a global economic crossroads, open cooperation and mutually beneficial outcomes are the right path forward. The US protectionist measures highlight internal weaknesses and the global impact of its monetary policies, emphasizing the need for collaborative solutions to navigate the current economic challenges.

Kenya WCO Boost Customs Compliance and Risk Management

Kenya WCO Boost Customs Compliance and Risk Management

The World Customs Organization (WCO) supported the Kenya Revenue Authority's (KRA) customs compliance and risk management efforts in collaboration with the Swedish Tax Agency (STA). This initiative aimed to enhance KRA's tax collection efficiency, close tax loopholes, optimize the business environment, and improve international competitiveness. This collaboration marks a significant step in the modernization of Kenya's tax administration and provides valuable lessons for other developing countries. The partnership focused on strengthening KRA's capabilities in key areas, ultimately contributing to sustainable economic growth and improved governance.