Customs Valuation and Transfer Pricing Align for Multinationals

Customs Valuation and Transfer Pricing Align for Multinationals

The World Customs Organization (WCO) and the OECD jointly held a seminar in Pretoria, focusing on the nexus between customs valuation and transfer pricing. The conference promoted cooperation between tax and customs authorities, exploring the application of transfer pricing studies in customs valuation. It emphasized information sharing, aiming to build a fairer international trade environment. Discussions centered on how transfer pricing methodologies can inform customs valuation practices, ensuring accurate and equitable assessment of goods for duty purposes. The initiative seeks to enhance transparency and combat illicit financial flows related to trade.

12/30/2025 Customs Knowledge
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Amazon Expands Seller Access to 30 New European Markets

Amazon Expands Seller Access to 30 New European Markets

Amazon's European Export program has been significantly upgraded, allowing sellers to sell products to over 30 European countries and regions with just one European site. This program simplifies operations, reduces tax risks, and expands sales reach, offering Chinese sellers an excellent opportunity to expand into the European market. Both FBA and MFN are supported, providing sellers with flexible logistics options. This upgrade streamlines the process of exporting to Europe, making it easier for businesses to reach a wider customer base and grow their presence in the European e-commerce landscape.

01/04/2026 Logistics
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UK VAT Registration Expert Tips for Compliance and Growth

UK VAT Registration Expert Tips for Compliance and Growth

This article reveals the current difficulties in UK VAT registration and analyzes the stringent requirements of the UK tax authorities regarding application materials. It emphasizes the importance of providing genuine and valid UK company lease agreements and utility bills. Solutions are proposed to help sellers achieve compliance and expand their business in the UK market. Ensuring accurate documentation and understanding the specific requirements are crucial for successful VAT registration and avoiding potential penalties. This guide aims to assist cross-border e-commerce businesses in navigating the complexities of UK VAT compliance.

01/06/2026 Customs Knowledge
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Wcos Ecommerce Framework to Transform Global Trade

Wcos Ecommerce Framework to Transform Global Trade

The World Customs Organization (WCO) Working Group on E-Commerce (WGEC) has finalized a comprehensive e-commerce package, deepening the framework of cross-border e-commerce standards. This package covers key areas such as terminology definitions, technical specifications, and tax administration. It aims to promote the standardization and facilitation of global cross-border e-commerce, providing safeguards for trade growth and consumer rights. The initiative seeks to streamline processes and enhance efficiency in the rapidly evolving landscape of international online trade, fostering a more predictable and secure environment for businesses and consumers alike.

01/05/2026 Customs Knowledge
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Shenzhen Launches Dedicated Logistics Line to Boost Russia Trade

Shenzhen Launches Dedicated Logistics Line to Boost Russia Trade

This article delves into the core advantages of the Shenzhen-Russia DDP (Delivered Duty Paid) shipping line, including efficient and fast air freight transit times, simplified DDP all-inclusive tax services, transparent and controllable end-to-end visibility management, secure and reliable professional team support, and cost-effective pricing. It also addresses frequently asked questions regarding cargo types and factors influencing prices, providing a reference for businesses to choose the appropriate logistics solutions. The focus is on streamlining the China-Russia trade process through reliable and transparent logistics.

01/26/2026 Logistics
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Multinationals Adopt Datadriven Customs and Pricing Strategies

Multinationals Adopt Datadriven Customs and Pricing Strategies

This paper analyzes the World Customs Organization (WCO) guidelines on customs valuation and transfer pricing from a data analyst's perspective, exploring their interconnections and potential risks. It provides policy interpretations, practical recommendations, and compliance strategies for customs officials, businesses, and tax authorities. The paper emphasizes the crucial role of information sharing and data analysis in improving valuation accuracy and efficiency, ultimately contributing to a fair trade environment. It offers insights into navigating the complexities of these regulations and minimizing potential disputes related to cross-border transactions and pricing.

01/26/2026 Customs Knowledge
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Bahamas Strengthens Customs Tariffs to Increase Revenue

Bahamas Strengthens Customs Tariffs to Increase Revenue

The World Customs Organization (WCO) held a national workshop in the Bahamas on the Harmonized System (HS) to enhance the Bahamas Customs' capacity in tariff classification. The workshop covered the theory and practice of HS coding, emphasizing the application of the General Rules for Interpretation and focusing on issues such as the classification of parts. Through talent development and the Mercator Program, it aims to facilitate trade in the Bahamas. The workshop also explored the relationship between HS code optimization and tax revenue growth from a data analysis perspective.

01/26/2026 Customs Knowledge
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Global Shipping Guide Mastering Customs Clearance

Global Shipping Guide Mastering Customs Clearance

The "Customs Clearance in Progress" status of international express delivery is a necessary step when parcels arrive at the destination country's customs. This article analyzes the key steps involved in customs clearance, including document review, cargo inspection, and tax calculation. It also examines factors affecting clearance time, such as declaration information, product category, and the efficiency of the destination country's customs. Furthermore, it provides practical suggestions for accelerating customs clearance, such as accurate declaration, providing complete documentation, and choosing a suitable logistics company, helping you shorten waiting times.

01/26/2026 Logistics Encyclopedia
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Hong Kong Fuels Crossborder Ecommerce Growth

Hong Kong Fuels Crossborder Ecommerce Growth

Following the new tax policies for cross-border e-commerce, Hong Kong warehouses have become increasingly popular among businesses due to their unique geographical, trade, and policy advantages. E-commerce giants like Amazon are increasing their investment in Hong Kong warehouse infrastructure, highlighting its strategic value within the direct mail model. Despite facing challenges, Hong Kong warehouses will remain a crucial option for cross-border e-commerce in the short term, driving the industry towards diversification and refinement. This trend reflects the ongoing adaptation of businesses to the evolving landscape of international online retail.

01/26/2026 Warehousing
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Latin American Air Cargo Sector Boosts Supply Chains Amid Challenges

Latin American Air Cargo Sector Boosts Supply Chains Amid Challenges

Latin America possesses significant potential for air cargo growth, but infrastructure deficits, high taxes, and restrictions on fund repatriation hinder its development. IATA urges Latin American governments to learn from successful models and collaborate with the industry. Increased investment in infrastructure, reduced tax burdens, and resolution of fund repatriation issues are crucial. By working together, governments and the industry can foster the growth of Latin America's air cargo sector, injecting new vitality into the region's economic growth. This collaborative approach is essential for unlocking the full potential of air freight in Latin America.

02/12/2026 Logistics
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