Navigating the complexities and the challenges of international trade has never been easy, but companies must now contend with an wide assortment of import and export regulations and tax rules. Whenever goods (of virtually every kind) cross territorial borders a whole panoply of formalities must be dealt with—to say nothing of the extensive regulations governing such areas as security, quality and health. Plus, companies that import goods must also cope with quota regimes in which the duties levied may vary—according to the country in which the products were made. In fact, a number of countries have also applied local excise levies (and consumption taxes) that must be handled carefully if a business is to avoid their negative affects. Clearly, customs and duty preparation should play a central role in the business plans of any company with even the smallest cross-border component.
If this is your situation:
- You need to minimise your company’s duty exposure.
- You would like to streamline your indirect tax management systems in order to optimise cash flow.
- You must exert greater management control over your company’s indirect tax spend.
- You require advice on how to create an up-to-date, compliance-sensitive customs & duty planning system.
- You want to find ways of maximising your commercial marketing opportunities through more efficient—and effective—import and export tax planning.
- You believe that if your company could lower the indirect tax take you might be able to boost shareholder value, but you don’t know where to begin.
- You would like to find a way to better integrate your customs and duty planning with your company’s overall business strategy.
How PwC can help you.
At PricewaterhouseCoopers (PwC) our team consists of over 350 dedicated specialists, worldwide, in all major trade areas and countries. And, within Europe, more than 100 dedicated customs & international trade specialists are available throughout the EU—and in the main trading areas outside these countries, such as Russia and South Africa. We can work with you to create efficient, and effective cross-border indirect tax management systems that will help you cut operating costs, boost cash flow, and reduce the amount of time you spend dealing with customs & duty issues. For instance, our highly-trained professionals can show you how to reducing the customs duty payable either through the first sales principle (using an earlier transaction in a chain of sales as the basis for the customs value) or via unbundling, an analysis of customs value, excluding non-dutiable elements. We can also assist with and tariff and duty planning, which can be accomplished through sourcing, re-classification, or applying for duty suspensions. And, we can help you to either defer, or completely avoid, unnecessary import duties via customs/excise warehousing. We offer similar services for inward processing relief, which allows manufacturing in the EU without payment of duties where the final product is re-exported. Plus, when it comes to operating outside of the EU, we can show you how to obtain outward processing relief, so that duty is only paid on the added value when the product is re-imported; and we can assist with processing under customs control, i.e. you only pay duty on the final product, instead of on the imported materials. Let us show you how it’s all done.
|
|
