On 29 May 2023, the General Department of Customs (“GDC”) issued official letters no. 2587/TCHQ-GSQL and 2588/TCHQ-GSQL regarding draft amendments to Article 35 Decree 08/2015/ND-CP on in-country export and import transactions.
Recently, many companies in Taiwan have received questionnaires from the Customs Administration for self-assessment and customs review purposes. Some companies have faced post-importation audit and investigations and have been required to pay additional import taxes for failing to declare royalties. This has resulted...
The Royal Malaysian Customs Department (RMCD) released a notice on 10 March 2023 stating the postponement of the imposition of sales tax and excise duties on LVG and premix preparations, respectively. Previously, the imposition of such taxes would take effect on 1 April 2023, however, it will be postponed to a date...
The Bureau of Customs (BOC) has introduced a new reward mechanism for informants and/or whistle-blowers who provide information that leads to collection of additional revenue for the BOC. The intention of the reward program is to encourage public cooperation in the effort to reduce smuggling and tax avoidance...
Given the uncertainties to the global economic integration brought by the pandemic and the Chinese government’s new focus on accelerating the development of 'domestic-international dual circulation...
After launching several safeguard measures against different products, the Philippines will soon be collecting provisional safeguard duty on motor vehicles from various countries. The subject vehicles are completely build-up passenger cars classified under the ASEAN Harmonized Tariff Nomenclature (ATHN) heading of 8703...
On 1 July 2020, the Myanmar government issued notification 83/2020 stating that the ‘Law to Prevent an Increased Quantity of Imports’ will take effect on 1 July 2021. The government announced the approval of the law in December last year...
The Strategic Trade Management Office (STMO) begun authorizations for exports of strategic goods on 1 July 2020 under Republic Act no. 10697, also known as the Strategic Trade Management Act.