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Indirect Tax Issues

TradeWatch  |  Indirect Tax Alert

TradeWatch

• March 2013 Issue
  Main issues:
  
  • Spotlight on EU: Free trade agreement opportunities and challenges as EU accelerates new accords(p.2)
  • Global: Mutual recognition arrangement signed between the US and Taiwan; more to come(p.13)
  • United States: The continuing extraterritorial expansion of US sanctions and export controls(p.23)
  • Japan: 2013 Japan tax reform proposal brings key changes to the Customs Law(p.30)
• December 2012 Issue
  Main issues:
  
  • Spotlight on: Customs valuation and related party pricing (p.2)
  • Global: Signs of momentum - Information Technology Agreement expansion (p.9)
  • Brazil: Brazil lowers state VAT rate to 4% for interstate sales of imported goods (p.13)
• September 2012 Issue
  Main issues:
  
  • Spotlight: US-EU mutual recognition agreement: action items for security-certified traders to benefit (p.2)
  • Peru: New assessments issued by customs authorities on the customs treatment of engineering fees under turnkey contracts (p.12)
  • United States: New ruling shows enhanced scrutiny in related party sales and first sale transactions (p.14)
  • India: India's growing network of FTAs- challenges and opportunities (p.20)
  • Japan: Relaxation of documents submission requirements for customs clearance (p.23)
  • European Union: Challenges for the technology sector as the ECJ addresses tariff classification for components (p.26)
• June 2012 Issue
  Main issues:
  
  • United States: Customs-transfer pricing developments - US Customs finalizes ruling allowing transfer pricing adjustments (p.2)
  • Global: A big win for security-certified traders in the US and EU (p.7)
  • Peru: New guidance from Peru on the customs treatment of royalty payments (p.12)
  • China: China Customs issues advanced customs valuation rules (p.25)
  • India: India trade developments affecting duty concession and exemptions (p.26)
• March 2012 Issue
  Main issues:
  
  • Argentina: New early import declaration system adopted in Argentina (p.2)
  • United States: U.S. Customs proposes new policy accepting transfer pricing adjustments (p.17)
  • Thailand: Thailand's Supreme Court decision on trademark royalty payments (p.30)
  • European Union: European Parliament issues resolution with pro-business stance on key outstanding issues for implementation of the Modernised Customs Code (p.31)
  • Russia: Russia's accession to the WTO and its impact on foreign trade regulation (p.35)
• December 2011 Issue
  Main issues:
  
  • Japan Customs sheds light on the customs treatment of retroactive transfer pricing adjustments (p.25)
  • New protocol strengthens the Japan - Mexico economic partnership agreement (p.27)
  • New US FTAs with South Korea, Colombia and Panama highlight the benefits and complexities of FTA management (p.2)
  • WCO approves commentary on royalties but controversy remains unsettled (p.9)
  • Mexico implements new export control program (p.13)
  • US Customs considers changing the impact of post-importation transfer pricing adjustments (p.20)
• September 2011 Issue
  Main issues for Japanese companies:
  
  • Harmonized System changes may materially affect tariff classifications and duty rates; technology outpaces tariff amendments (p.2)
  • United States: US export control reform is taking shape (p.14)
  • China: China Customs to more closely monitor the Processing Trade (p.21)
  • Japan/India: Japan-India CEPA enters into force (p.23)
• June 2011 Issue
  Main issues for Japanese companies:
  
  • EU: Further delays and controversy expected for implementation of EU (p.2)
  • Argentina: Royalties paid abroad and their possible impact on the customs value (p.5)
  • US: Uncertainty for US Generalized System of Preferences (p.11)
  • Korea: EU free trade agreement-opportunities for Korean business (p.16)
  • Turkey: Turkey implements encryption import controls (p.21)
• March 2011 Issue
  Main issues for Japanese companies:
  
  • EU: The European Union's new preferential rules of origin under the Generalized System of Preferences (p.2)
  • US: Human Resources meets US export controls: the new US I-129 Form and what it means for your company (p.14)
  • US: Foreign Trade Zones Board proposes significant regulatory framework revisions (p.16)
  • Japan: 2011 Japan tax reform proposal brings key changes to customs programs and procedures (p.19)
  • Turkey: The new post clearance customs audit approach (p.30)
  • India: Customs self assessments coming to India (p.32)

Indirect Tax Alert

• December 2011 Issue
  The EU Commission issues its comments on the future of EU VAT
• January 2011 Issue
  2011 Japan Tax Reform proposal brings key changes to customs programs and procedures