Tax & Accounting Blog

IMMEX: Cross-Border Opportunities

IMMEX: Cross-Border Opportunities

By November 1st 2006, the Mexican Government had established the IMMEX Program[1] which offers incentives for companies manufacturing and exporting goods in Mexico. The program provides the participants with IVA/IEPS Certification[2] the ability to temporarily import, free of duties (IGI) and VAT (IVA), the necessary production inputs and assets for use … Read More

How Do I Streamline My Classification Process and Minimize Risk?

How Do I Streamline My Classification Process and Minimize Risk?

Blog, Global Trade, ONESOURCE October 21, 2016

Risk is a certainty in any business and increases when it comes to international trade.  In fact, when moving goods internationally, there are a number of areas that can open up a company to business liabilities. Within this international environment, poor compliance practices can bring about delays and possibly penalties and reputational damage. How do … Read More

Import and Export Classification Risks

Import and Export Classification Risks

Blog, Global Trade, ONESOURCE October 14, 2016

Accurate product classification is one of the foundational components for moving product across borders.  In fact, import and export classification influences the basis for nearly every import and export transaction and the resulting tax and tariff assessment and fees levied by Customs and other regulatory authorities worldwide. Selecting the correct product classification is critical for … Read More

Global Trade Trends: Aligning Customs with Transfer Pricing Operations

Global Trade Trends: Aligning Customs with Transfer Pricing Operations

By Taneli Ruda and Sam Cicogna As the pace and scope of global regulation around tax avoidance strategies continues to increase, transfer pricing policy is becoming top-of-mind for multinational companies. Of particular interest is how intra-company transfer pricing and customs work together—or sometimes don’t—so I asked Sam Cicogna, my colleague and a transfer pricing expert, … Read More