PGA Highlights: December 2013
In United States, following events have been occurred under the several PGA during the month of December 2013. Agencies Summary Link Federal Register Importation of Fresh Apricots From Continental Spain: This action will allow for the
See MoreBulgaria: Intrastat reporting threshold changed in 2014
Bulgaria has changed its 2014 Intrastat reporting thresholds with effect from 1 January 2014. The current arrivals (imports from other EU member states) threshold of BGN 240,000 has been increased to BGN 360,000; while current despatches (exports to
See MoreUK: Increase in 2014 intrastat reporting thresholds
The United Kingdom has updated the annual reporting thresholds for Intrastat declarations from 1 January 2014. For arrivals (import of goods from other EU member states) the threshold will rise from GBP600,000 to GBP1,200,000 per annum; and for
See MoreRussia-Amendments in Import, Export Procedures
The termination of agreement between Russia and the national guaranteeing association for TIR operations has ensured by Russia’s customs service on December 1, 2013. The TIR carnet, customs transit document, exhibits the presence of an
See MoreVietnam: Rubber export tariffs possible to be cut
Vietnam’s Ministry of Finance issued a Circular on 13 November 2013 it was reported that, reducing export tax rates on both natural and synthetic rubber exports exports from December 26, 2013. With this Circular, the export tariff on all rubber
See MorePGA Highlights: November 2013
In United States, following events have been occurred under the several PGA during the month of November 2013. Agencies Summary Link Federal Register Fresh Beans, Shelled or in Pods Importation from Jordan into the Continental United States: A
See MoreArgentina-Introduces surcharge on foreign currency
The Argentine Federal Tax Authorities (AFIP) issued General Resolution No. 3550/2013 which has become effective on 3 December 2013. The general resolution increases the scope of the reverse withholding surcharge which will be applicable to certain
See MorePGA Highlights: October 2013
In United States, following events have been occurred under the several PGA during the month of October 2013. Agencies Summary Link Federal Register Cold Treatment for Fresh Fruits and Vegetables; MidAmerica St. Louis Airport, Mascoutah,
See MoreBrazil: Daimler to Build New Factory
It has been published that, German auto-maker Daimler AG said early in October that it plans to set up a new Mercedes-Benz assembly plant in Brazil on 7 October 2013. One of the aims of this move is to reduce the impact of Brazil’s country’s
See MorePGA Highlights: September 2013
In United States, following events have been occurred under the several PGA during the month of September 2013. Agencies Summary Link Federal Register Importation of Potatoes From Mexico: This action would allow the importation of potatoes
See MorePGA Highlights: August 2013
In United States, following events have been occurred under the several PGA during the month of August 2013. Agencies Summary Link CBP Special Import Quota for Upland Cotton: Special import quota for upland cotton has been
See MoreWTO: services trade database to be developed
The World Trade Organization (WTO) and the World Bank have agreed to jointly develop a database on international trade in services. Trade in services is becoming ever more important globally, especially in developed countries, and constitutes around
See MoreJapan: Changes in customs Valuation regulations
The customs valuation regulation has been changed in Japan. The valuation is based on the transaction value in line with World Trade Organization (WTO) rules but the change in the regulations clarifies the issue of which particular transaction is to
See MoreNew Zealand sets strategy for ASEAN Trade and Investment
As part of the new ASEAN strategy, New Zealand has made up an aspirant investment, trade and economic goals. Total trade between ASEAN and New Zealand has risen by an average of 9 percent per annum over the past ten years. New Zealand is the fourth
See MoreEgypt: Customs Tariffs on Luxury Goods
Egypt has issued a presidential decree raising customs tariffs on imports of luxury goods. Under the decree a 40% tariff will be applied to imports of goods including sunglasses, watches, video games, shrimps, fireworks and boats. Two new customs
See MoreAustria, a place with real location advantages for doing business
Before 2005, the corporate tax rate of Austria was 34%. But in 2005 the government reduced the corporate tax rate by 9%, from 34% to 25%, which brought a significant increase in tax revenue despite the lower rate. The favorable corporate tax rate
See MoreRussia Lines Up Heavy Crude Export Tax Relief
On 9 March 2012 it was reported that the Russian government is considering the introduction of a significant new tax concession to make expensive extra-heavy crude extraction and refinement projects more viable, to boost the nation's export
See MoreThailand: Import Tariff Exemptions
Thailand’s government has approved the waiving of duties on their imports of machinery and spare parts, until the end of June 2012. The measure was taken to help businesses with plants damaged by the floods in the country. The measure will cover
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