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.

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.

China Clarifies Export Tax Refund Rules for Uncollected Payments

China Clarifies Export Tax Refund Rules for Uncollected Payments

This article addresses the export tax rebate issues faced by foreign trade enterprises when they cannot collect foreign exchange for exported goods. It provides a detailed interpretation of the "Deemed Collection of Foreign Exchange" policy, listing ten common scenarios and the required documents. Furthermore, it clarifies the collection period, reporting circumstances, and tax treatment methods. The aim is to assist enterprises in operating in compliance, protecting their rights, and successfully enjoying the export tax rebate policy.

Foreign Trade Firms Face Export Tax Refund Filing Challenges

Foreign Trade Firms Face Export Tax Refund Filing Challenges

This article provides a detailed interpretation of the handling process for export tax rebate declaration data errors in foreign trade enterprises. It introduces specific operation steps for withdrawal and re-submission and adjustment declaration for two situations: 'Declaration not reviewed' and 'Tax rebate already processed'. The article also provides the operation path in the e-Tax Bureau, helping enterprises to correct errors in a timely manner and protect their rights. This ensures accurate and efficient processing of export tax rebates, minimizing potential financial losses due to incorrect declarations.

Guide to Simplifying Export Tax Rebates for Multiple Invoices

Guide to Simplifying Export Tax Rebates for Multiple Invoices

This article provides clear solutions to common invoice issues encountered by foreign trade enterprises in export tax rebate applications. It details techniques for entering export invoice numbers and offers step-by-step guidance for situations where one customs declaration corresponds to multiple input invoices. This helps companies efficiently complete their tax rebate applications.

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.