Global: 2022: International Trade Developments in a Challenging New World
Baker McKenzie’s Global Compliance News Blog published “Global: 2022: International Trade Developments in a Challenging New World,” which can be viewed here. The post Global: 2022: International Trade...
View ArticleEU: Latest EU- New Zealand Trade Negotiations
Representatives of the EU and New Zealand held negotiations from 14 to 31 March 2022, discussing most areas of the future free trade agreement between the jurisdictions. According to a two-pager...
View ArticleEU: summary of the main topics discussed during the last Customs Expert Group...
The Customs Expert Group of the European Commission’s DG TAXUD on ‘Import and Export formalities’ met on 16 March 2022. The minutes of the meeting have been released on 25 April 2022. Several topics...
View ArticleThe Hamamatsu TP/customs valuation case comes to a surprising conclusion
Retroactive TP-adjustments – whether upwards or downwards – Highest German Court rules that they do not have an impact on the customs value. On 17 May 2022 (published end of September 2022) the German...
View ArticleThe TP/Customs Saga continues: new valuation guidance issued by UK Customs
Hot on the heels of the German Federal Fiscal Court’s publication of its final decision in the Hamamatsu case (our blog on that here), UK Customs (HMRC) have today published updated guidance on the...
View ArticleEU: Proposals envisioning most ambitious and comprehensive reform of EU...
On 17 May 2023, the European Commission (the “Commission”) published a set of proposals that, according to the Commission, constitute the “most ambitious and comprehensive reform of the EU Customs...
View ArticleGermany: Munich court rules that a year-end TP adjustment does not justify...
In our blog post “The Hamamatsu TP/customs valuation case comes to a surprising conclusion” we summarized the final judgment of the German Federal Fiscal Court (Bundesfinanzhof; “BFH”) in the...
View ArticleGermany adds another chapter to the Transfer Pricing and Customs saga
The German Federal Ministry of Finance (BMF) issued new transfer pricing (“TP”) guidance on June 6, 2023 with customs implications. Last year, Germany’s highest tax court issued its decision in the...
View ArticleNew CBAM documents released by European Commission
Next to the CBAM implementing regulation adopted by the European Commission on 17 August 2023 regarding the reporting rules applicable during the transitional phase of the Carbon Border Adjustment...
View ArticleA Masquerade Ball – EPPO uncovers EUR 200M in customs duties and VAT due
On 15 November 2023, the European Public Prosecutor’s Office (“EPPO”) uncovered a EUR 200M customs and VAT fraud scheme. This is yet another case of the EPPO, launched in 1 June 2021, as the first new...
View Article
