tradewatch - june 2013 - volume 12 | issue 2file/... · tradewatch june 2013
TRANSCRIPT
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June 2013, Volume 12, Issue 2
In this issueGlobalWCO approves advisory opinion on trademark royalties ..................................................... 2
Americas
admission and temporary export ............................................................................... 4
...................................................................................... 5
................................................. 7
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...................................................................................... 11
................................................................................................... 12
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........... 20
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Europe, Middle East and Africa ........ 23
................. 25
............................................................................................ 27
importation amendments ....................................................................................... 28
................................................................................................... 29
TradeWatch
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TradeWatch June 20132
WCO approves advisory opinion on trademark royalties
Global
has approved a new advisory opinion on trademark
Background
royalty:
Advisory Opinion 4.15
royalty.
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3 TradeWatch June 2013
imported goods.
sale is properly implied.
Implications for importers
Dallas
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4 TradeWatch June 2013
Brazil
of temporary admission and temporary export
held in Brazil.
São Paulo
São Paulo
Americas
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5 TradeWatch June 2013
New automotive tax regime
Incentives granted by Inovar-Auto
per year
Implications of quota limits for importers
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6 TradeWatch June 2013
Recent additional rules
steering systems and panels. These items represent
São Paulo,
São Paulo,
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7 TradeWatch June 2013
More developments for state value-added tax (ICMS) reform
TradeWatch
Background
Legislative bill proposed by the Brazilian Senate
and 2025.
Brazil.
São Paulo,
São Paulo,
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8 TradeWatch June 2013
1
2
CanadaThe “iPod tariff” controversy in Canada and
The Globe and Mail
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3
So, what exactly has changed?
imported into Canada in 2012.4
press release where it was noted that MP3 players that
5
The Canadian Press
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10 TradeWatch June 2013
Toronto,
Montreal,
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11 TradeWatch June 2013
changes to Canada’s General Preferential Tariff
TradeWatch
legislation.
Montreal,
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12 TradeWatch June 2013
MexicoMexican authorities initiate ambitious FTA audit program with broadened scope
Direct shipment requirement
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13 TradeWatch June 2013
NAFTA 303 audits
program
exported to the US or Canada.
303.
need to assess whether pedimentos were
Dallas,
Dallas,
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PeruCustoms auditors increasingly looking at transfer pricing report
Lima,
Lima,
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15 TradeWatch June 2013
United StatesUS Customs provides guidance on refunds from post-importation transfer pricing adjustments
Background
TradeWatch
Ruling illustrates complexity of meeting new policy for imports prior to May 2012
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Implications for importers
Dallas,
New York,
New York,
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17 TradeWatch June 2013
7
A statement of intent
Missed opportunity
Sydney,
Melbourne,
AustraliaAustralia Customs outside the target range on transfer pricing
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18 TradeWatch June 2013
Australian developments — new Anti-Dumping Commission, defense trade with the US and federal budget announcementsAnti-Dumping Commission established from 1 July 2013
TradeWatch
months.
Australia — US Defense Trade Cooperation Treaty enters into force
the Defence Trade ControlsTradeWatch
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TradeWatch June 201319
2013 Federal Budget Announcements
A Plan for Australian Jobs TradeWatch
Brisbane,
Brisbane,
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20 TradeWatch June 2013
Korea
exposure from import VAT
last year.
More focus on multinationals and related party pricing
changes to VAT Enforcement Decree
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What should importers do?
Seoul,
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Korea-Turkey FTA
Seoul,
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23 TradeWatch June 2013
planning.
Where we stand today
European UnionUnion Customs Code: implications for customs valuation planning
Europe, Middle East and Africa
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Committee on Internal Market and
date.
Looking ahead
Brussels,
Brussels,
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GermanyNew directions for customs valuation of related-party transactions
Customs value vs. transfer pricing
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Practical implications
importation.
Documents talkFrankfurt/Eschborn,
Frankfurt/Eschborn,
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27 TradeWatch June 2013
interesting developments.
Turkey — South Korea
the Korean market.
What’s next
Istanbul,
TurkeyFree trade agenda
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IsraelIsraeli Supreme Court ruling opens door for certain post-importation amendmentsExecutive summary
Background
Supreme Court ruling
themselves.
Impact on Israeli importers
New York,
Tel Aviv,
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East African CommunityImplications of a single customs territory on export incentives
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Nairobi,
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About Ernst & Young
Customs and International Trade (CIT)
TradeWatch
EYG no. YY2949
to the appropriate advisor.
ED None
Americas
Europe, Middle East and Africa
TradeWatch Editor