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Last updated on October 23rd, 2020 - What is an HS code? A few decades ago, a group of countries acknowledged that a system must be put in place to better understand the types of products getting exported from and imported into their respective countries. They also needed a more streamlined way to know the amount to collect in duties and taxes as a shipment moves across borders. This is when the...
Last updated on October 23rd, 2020 - Decoding harmonized codes Sounds like you’re ready to take your business global but as you get started, you run into new terms that have you scratching your head. One of the first things someone will ask you is if you have HS or harmonized codes for your product. Unlike the complicated, technical definitions you may see when googling this term, we’ll be giving...
Last updated on October 9th, 2020 - You are looking to expand your ecommerce business internationally when you come across the term – de minimis. What does this mean, and why should you care? When we’re talking about international eCommerce, de minimis refers to a country-specific threshold that tells you when duties and taxes are applied. Country-specific de minimis threshold examples:...
Last updated on October 9th, 2020 - Cross-border eCommerce presents massive opportunity Cross-border eCommerce continues to grow at a rapid pace and presents a massive opportunity for merchants looking to grow their sales. In 2016, worldwide eCommerce sales totaled $1.86 trillion, and that figure is expected to boom to $4.48 trillion by 2021*. Billions of global consumers are turning to the...
