OMBDUS33XXX SWIFT Code Key for Global Transfers

OMBDUS33XXX SWIFT Code Key for Global Transfers

Learn about NAVY FEDERAL CREDIT UNION's SWIFT code OMBDUS33XXX to ensure your international remittance proceeds smoothly. The SWIFT code consists of bank, country, location, and branch information, and using it accurately can help avoid delays and losses in funds, thereby increasing the efficiency of your remittance.

Guide to Customs Compliance on Royalties and License Fees

Guide to Customs Compliance on Royalties and License Fees

The World Customs Organization has released new advisory opinions focusing on key customs valuation issues such as royalties, license fees, and trademark usage. The opinions clarify that royalty income tax should be included in customs valuation, emphasize that valuation of goods with own trademarks requires case-by-case analysis, and explain the principles for handling mixed royalties. Businesses should thoroughly understand the regulations, meticulously record transaction information, and consult with professionals to ensure customs valuation compliance. This helps avoid potential penalties and ensures accurate import/export declarations.