EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
We are delighted to offer the Customs and Global Trade Update which covers the followings:
Guidance on trade remedies under The Regional Comprehensive Economic Partnership Agreement (RCEP)
Approval for the strategy on importation and exportation toward 2030
Guidance provided in an Official Letter (OL) of the General Department of Customs (GDC), including:
Customs supervision and inspection of Export Processing Enterprises (EPEs)
Import duty applicable for goods imported under the form of on-the-spot for manufacturing and processing
Type of customs declaration and import duty refund
Customs audits on goods which are imported for combating COVID-19
Tax and duty treatment for goods temporarily imported for processing
Applying the new regulations on special consumption tax (SCT) from 1 March 2022
Customs procedures on goods exported from a Bonded Warehouse (BW) of an Authorized Economic Operator (AEO)
Value Added Tax (VAT) refunds and export duty applicable for imported goods upon re-exportation
Guidance on VAT declaration for dutiable goods
Certificate of origin for goods subject to anti-dumping tax
Tax and duty treatment for goods delivered to an EPE for processing
Guidance on C/O Form D issued from 1 May 2022
Your enquiries, comments or suggestions concerning our Updates are welcome. Any enquiries regarding the content of this issue may be directed to your regular EY contacts or the contacts mentioned in this Update.