Customs and Tax: Principles and Management
Customs and tax chain management issues have become key areas of concern in most international business. It encompasses all issues of the management of fiscal affairs, including corporate and income taxes, customs and value-added and sales taxes. The seminar deals with the main principles of business taxation, and also covers all major international Customs initiatives and procedures, as well as the essential requirements for the global Authorized Economic Operator (AEO) initiative.
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Practical Objectives:
- Expose the participants to the requirements and principles of Customs and Tax Management.
- Understand the dynamics and evolution of the present systems of Customs and Tax management.
- Elaborate on the basic principles of Customs & Tax Management, and provide details of the various factors influencing the subject.
Training Seminar Topics
Principles of Customs & Tax Management
Basic principles of customs and taxes management. Need for management and compliance. Responsibilities of the trader. Relationships with agents. Accuracy of information. Awareness of the powers of customs and tax authorities.
Customs & Tax Management
Process of customs and tax management. Use of the INCOTERMS. Use of logistics and transport. Compliance and import/export procedures. Documentation. Record-keeping. Customs authorizations and trade facilitation.
Applications and Mitigating Factors
Sectors involved. Geographical and economic/political considerations. Fiscal management, movement of goods, international controls.
Risk Management
Customs and tax risk management; challenges and solutions. Risk assessment, analysis and examination of risk options dependent on the level of risk.