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Blog posts that contain information about duties and taxes
Looking ahead at HS 2022 HS 2022 will be the seventh edition of the Harmonized System (HS) nomenclature and has been accepted by all Contracting Parties to the Harmonized System Convention. The new edition will go into effect on January 1st, 2022. Generally the HS is amended every five years or so. What is the Harmonized System (HS)? The Harmonized System (HS) is what’s used to...
Learn about the upcoming Norway VOEC (VAT on Ecommerce) Starting April 1st, 2020, Norway will implement a simplified VAT scheme called VOEC (VAT on Ecommerce). This new scheme will replace the current VAT exemption of 350 NOK on low-value imported goods to consumers. The tax de minimis will change for all goods to zero. VAT will be applied to all items, regardless of value or whether or not you...
New Zealand’s GST law As of December 1st, 2019, New Zealand enacted a recent law on GST remittance that may or may not affect businesses from countries that sell to New Zealand. This recent law is quite similar to the low-value goods Australian law that went into effect in 2018. Let’s get you up to speed on the important details of what’s going on with New Zealand. Here’s...
If you have previous experience with international orders or done any research on selling abroad, you’ve no doubt come across the words – “duty and tax”. But how many times have you seen the term: “landed cost”? Let’s help you decode cross border as we explain the essential facts about landed cost that no one’s been telling you. 1. Landed cost is...
Are you an online retailer pulling your hair out over international orders? You’re not alone! The top 4 reasons why online retailers struggle to sell internationally include: Calculating duty and taxes Managing country rules and regulations Offering shipping options Localizing your store’s website With 95% of the world’s consumers living outside the US, you can’t let these...
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 you a simpler breakdown of an HS...
DDU and DDP are both incoterms used loosely with international shipping in the small package industry to describe the party responsible for paying the duties and taxes. What is DDU? DDU (Delivery Duty Unpaid): The buyer (receiver) is responsible for all the duties, taxes, and clearance fees. What is DDP? DDP (Delivery Duty Paid): The business (seller) is responsible for all the duties...
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: De minimis definition De minimis...
When shipping internationally, FedEx as well as other carriers offer standard customs clearance on express air shipments, and do not charge brokerage fees; however, they will still charge different fees by country for other services associated with customs clearance. Examples of FedEx ancillary fees include additional line items, storage, freight clearance, returned goods, other government...
I truly believe the vision of free trade is good for business, good for economies, good for the world, and good for America. Too bad that, at the moment, it’s not fair or free and has never been. Today, agreements such as NAFTA, CAFTA or TPP still leave specific countries, states, or provinces on the wrong end of a deal, and it is usually the United States holding the bag. In the next five years...
