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TaxNewsFlash-Trade & Customs — KPMG's reports of tax developments concerning trade and customs

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August 2017

30 Aug - EU: Export controls, sanctions regarding trade with Russia, Iran, Venezuela

30 Aug - U.S. Commerce delays final determinations, Canadian softwood lumber investigations

29 Aug - Modification of Category XI (military electronics), United States Munitions List

28 Aug - U.S. foreign trade zones, recommendations in GAO report

25 Aug - U.S. Treasury’s issuance of Venezuela-related general licenses

24 Aug - Singapore company settles violations of Iranian transactions and sanctions

24 Aug - U.S. trade court: Components of imported cookware sets, preferential tariff treatment under GSP

23 Aug - USTR investigation, hearing, request for comments on Chinese technology transfer, intellectual property, and innovation

22 Aug - Request for comments on “Buy American” program

22 Aug - China: Implications of WCO advisory opinion, royalties and license fees

22 Aug - Free trade agreement between United States and Korea, discussions on modifications

21 Aug - UK: Customs considerations in light of “Brexit”

18 Aug - Singapore: “Global trader programme” expanded, concessionary income tax rates

18 Aug - U.S. company settles violations of Iranian transactions and sanctions

18 Aug - U.S. trade court: Claims of “tariff engineering” on imports of motor vehicles

17 Aug - NAFTA re-negotiations, initial impressions

16 Aug - NAFTA re-negotiations begin

16 Aug - China: Customs policy update, other developments for July 2017

15 Aug - U.S. national emergency continued, export control regulations

15 Aug - U.S. test program, foreign trade zone electronic admission applications

14 Aug - United States: Revised CCL list, dual-use goods and technologies

11 Aug - CBP expands ACE export manifest tests for air, rail, and vessel cargo

10 Aug - China: Customs clearance integration regime, launched on nationwide basis

10 Aug - U.S. company settles Iranian sanctions violations

2 Aug - U.S. trade court: Tariff classification of “LED candles”

July 2017

31 Jul - EU: Update on trade agreement (CETA) with Canada

27 Jul - U.S. administration and congressional Republican leaders' statement on tax reform; no border adjustability provision

27 Jul - Singapore company settles U.S. civil penalties, Iran sanction violations

25 Jul - U.S. policy on trade with Cuba; updated FAQs

25 Jul - U.S. trade court: Proper classification of gum base; not “food preparation”

24 Jul - U.S. trade meeting with UK representatives, ahead of “Brexit”

21 Jul - CBP air cargo advance screening program, extended additional year

20 Jul - U.S. oil company assessed $2 million penalty, Ukraine sanctions violations

20 Jul - EU: Over 41 million counterfeit goods seized during 2016

19 Jul - First round of NAFTA negotiations scheduled for August 2017

19 Jul - EU: Exchange of customs-related information with third countries, consultation

18 Jul - Federal Circuit: Tariff classification for storage unit components

18 Jul - China: Customs policy for June 2017; other selected country updates

18 Jul - NAFTA update: Ways and Means subcommittee hearing; USTR releases negotiating objectives

14 Jul - Japan: Agreement with EU would remove, reduce customs tariffs 

14 Jul - Proposed customs user fees and limitations, adjusted for inflation

12 Jul - Australia: Country of origin labelling requirements, sale of goods in Australia

12 Jul - Canada: Tariff relief under trade agreement with EU; generally effective 21 September 2017

12 Jul - CBP final rule: Updated data requirements on cargo exports

12 Jul - Sudan sanctions, FAQs extended review period until October 12

11 Jul - U.S. Trade court: No pre-importation review; irreparable harm not established

11 Jul - Myanmar: Foreign entities may trade in seeds, herbicides, medical equipment, construction materials; joint ventures no longer required

11 Jul - Netherlands: Potential trade, customs implications of “Brexit” on Dutch businesses

10 Jul - UK: Implications of Brexit negotiations; critical for retailers to understand supply chains at granular level

5 Jul - EU: Customs cooperation agreement with New Zealand

5 Jul - Japan: Retroactive transfer price adjustments, from customs valuation perspective

April 2016

29 Apr - China: More cross-border e-commerce guidance, retail imports

29 Apr - WCO instrument, case study on transfer pricing and customs valuation

29 Apr - Reminder: EU’s Union Customs Code is effective 1 May 2016

27 Apr - House passes miscellaneous tariff bill (MTB) legislation

27 Apr - Italy: Guidance for implementing new Union Customs Code

27 Apr - WCO: Agreement on transfer pricing, customs valuation

26 Apr - CBP program test, truck shipments of Canadian “in-transit” goods

22 Apr EU: Export procedures for certain goods effective 1 May 2016

22 Apr - EU: Shortages in cross-border shipments of “excise-able” goods

21 Apr - Treasury’s FAQs on trade with Cuba

21 Apr - Federal Circuit: Selection of Thailand as surrogate country for China, antidumping review

20 Apr - U.S. congressional action on miscellaneous tariff bill (MTB) process

18 Apr - EU: Releases relating to customs administration

18 Apr - EU: “Domestic sale” concept mitigates repeal of “first sale” customs valuation

8 Apr - EU: Updated AEO guidelines released

7 Apr - China: Import tax policies, cross-border e-commerce involving retail goods

7 Apr - EU: Draft guidance, new customs valuation provisions

6 Apr - EU: Import duties on consumer, professional electronic products eliminated

5 Apr - China: Customs revises standards for declaration forms

1 Apr - Final rule on exports, missile technology controls

 

March 2016

30 Mar - FDA-regulated commodity entries to be made via ACE

30 Mar - EU: Sanctions update, companies trading with Iran

28 Mar - China: Customs announcements on customs pre-input system, charitable donations

24 Mar - OFAC aircraft export license, updated FAQs on exports to Iran

24 Mar - Australia: Customs focus on tariff concession orders, correct valuation disclosures

23 Mar China: Guidance aims for customs clearance efficiency, trade facilitation

21 Mar - EU: AEO certificates, customs authorizations to be reassessed by authorities

17 Mar - EU: Customs treatment intra-EU air, sea services effective 1 May 2016

16 Mar - OFAC “finding of violation” credit card company and assets of Iranian banks

15 Mar - Treasury, Commerce final rules concerning trade involving Cuba 

11 Mar - China: Customs developments (January-February 2016)

2 Mar - Federal Circuit: Country-of-origin label when trademark is involved

 

February 2016

26 Feb - ACE as sole CBP-authorized system

25 Feb - U.S. trade facilitation law is enacted

19 Feb - China: Customs guidance, imports of aviation supplies, aircraft operating leases

18 Feb - Proposed rule changes to USML Category XII

16 Feb - EU: “First sale for export” repeal for customs valuation purposes

16 Feb - India: Valuing imports from a related party for customs purposes

11 Feb - Congress passes trade legislation

8 Feb - CBP updates ACE transition timeline, extends “FDA single window”

8 Feb - CCL, USML modifications: Military aircraft, military gas turbine engines

5 Feb - EU: Free trade agreement with Vietnam

4 Feb - U.S. company found to violate Sudanese sanctions

3 Feb - Federal Circuit: Refunds of customs duty; reconciliation entries

 

January 2016

27 Jan - Thailand: Voluntary disclosure, incorrect customs import duties

26 Jan - Final rules amending Cuban assets control regulations, Cuba licensing policy

19 Jan - EU: Iran sanctions relief

13 Jan - China: Revised import policies and catalogues, major technical equipment

6 Jan - Federal Circuit: NAFTA-related, post-import customs duty refund procedures

5 Jan - BIS proposed rule, revised penalty determinations

 

December 2015

30 Dec - China: Bonded repair and maintenance operations, special customs zones

23 Dec - China: Import, export tariff adjustments beginning in 2016

23 Dec - China: Measures to promote foreign trade, import-export activities

17 Dec - EU: Transitional rules pending new fully electronic customs environment

15 Dec - USML temporary modification; software under Category XI (Military Electronics)

11 Dec - Serbia: Common transit procedure under EU customs agreements

10 Dec - Australia: Free trade agreement with China 

10 Dec - WCO classification decisions, potential classification opportunities

9 Dec - Congressional conferees reach agreement on customs legislation

9 Dec - WCO nomenclature amendments for 2017, correlation tables

8 Dec - Mutual recognition of “trusted traders” with Dominican Republic 

7 Dec - General license, exports to or from Burma (Myanmar)

Contact Us

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

 

Read more about the professionals in KPMG’s Trade & Customs Services practice in the U.S.

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