Tax & Accounting Blog

China: 1 year transition for e-commerce

China: 1 year transition for e-commerce

By Yanchen Zhou On 24 May 2016 , subject to State Council’s approval, China’s General Administration of Customs (GAC) announced the new administration rules (Shubanfa [2016] No.29) in the transitional period for cross-border e-commerce retail import. Suppliers of goods to Chinese consumers had been worried about how the new regulations could impact their bottom line … Read More

Good Taxpayer, Get a Reward…

Good Taxpayer, Get a Reward…

Delhi’s Commercial Tax Office released an order creating a “Reward/Appreciation Scheme” for Good dealers. In India, state level value added tax provides a considerable amount of revenue, in the case of the National Capital Territory it provides 65% of the total collections. The value added tax is most commonly paid by retailers of goods where … Read More

Global Trade Trends with Taneli Ruda: Mexico’s Auto Plan

Global Trade Trends with Taneli Ruda: Mexico’s Auto Plan

The automotive industry is the engine—the V8, 440-horsepower manual transmission engine with overdrive—of Mexico’s industrial growth, and this looks to be the new state of play for the famously export-dependent country. The relationship that the auto industry has with Mexico’s economy is strikingly balanced: There is a mutual dependence that exemplifies what free trade and … Read More