This website uses cookies to ensure you get the best experience on our website.

Free of charge software and customs valuation

Monika Bielskienė Attorney, Law firm WALLESS
October 31, 2020
en lt
Free of charge software and customs valuation

Photo by Karl Pawlowicz on Unsplash

Court of Justice of European Union (CJEU) remained with its position that the economic value of software should be added to the transaction value of imported goods, despite the fact that it was designed in the European Union and transferred to the third-country manufacturer free of charge.

First time on our website?

Register and get access to the first 5 paid articles for free!

As a welcome gift we give you access to your first 5 paid articles for free. Use the button bellow to ope your article. You have used:

See price in

Access single article:

Add to Cart

Access all articles on customsclearance.net

Item added to cart

{{ articleItem.title }}
Item added to cart

{{ subscription.title }}

Comments ()

Delete

Similar Content
image en, lt
Basics in customs: commodity code, origin and duties, customs value
20-11-2020

Enrika Naujokė

customs value/valuation
image en, lt
Basics in customs: commodity code, origin and duties, customs value
20-11-2020

Enrika Naujokė

customs value/valuation
en, lt
New version of European Commission‘s Guidance on Customs Valuation – an overview of changes
14-11-2020

On 25 September 2020, the European Commission has published a new version of the Guidance on Customs Valuation. Although this document is not legally binding, it is considered an important tool … for the interpretation of the EU customs legislation. The guidance aims to ensure a common understanding between customs and economic operators and to provide a tool to facilitate the correct and harmonized application of customs legislation in the Member States. The guidance is expected to be included in the EU Customs Valuation Compendium in 2021.

Jovita Mikšienė

€ / $
customs value/valuation
en, lt
New version of European Commission‘s Guidance on Customs Valuation – an overview of changes
14-11-2020

On 25 September 2020, the European Commission has published a new version of the Guidance on Customs Valuation. Although this document is not legally binding, it is considered an important tool for the interpretation of the EU customs legislation. The guidance aims to ensure a common understanding between customs and economic operators and to provide a tool to facilitate the correct and harmonized application of customs legislation in the Member States. The guidance is expected to be included in the EU Customs Valuation Compendium in 2021.

Jovita Mikšienė

€ / $
customs value/valuation
en, fr, lt
Customs Valuation, shedding light on a technical but critical topic for Customs
31-10-2020

Adam Smith, author of “The Wealth of Nations”, wrote that Customs duties have been “in use for time immemorial”. To a large extent, this assertion is correct. The practice of taxing commerce … is as old as commerce itself. And where a tax must be collected, there will be disputes over rates and methods.

Kunio Mikuriya

customs value/valuation
en, fr, lt
Customs Valuation, shedding light on a technical but critical topic for Customs
31-10-2020

Adam Smith, author of “The Wealth of Nations”, wrote that Customs duties have been “in use for time immemorial”. To a large extent, this assertion is correct. The practice of taxing commerce is as old as commerce itself. And where a tax must be collected, there will be disputes over rates and methods.

Kunio Mikuriya

customs value/valuation
en, fr
WTO Customs Valuation Agreement: objectives, requirements and challenges
31-10-2020

This year marks the 25th anniversary of the entry into force of the WTO Customs Valuation Agreement (CVA). The Agreement seeks to tackle Customs clearance delays resulting from valuation verification … and to ensure that the Customs value of goods entering a market are properly assessed to reflect the actual price of the goods as agreed between the buyer and seller.

customs value/valuation
en, fr
WTO Customs Valuation Agreement: objectives, requirements and challenges
31-10-2020

This year marks the 25th anniversary of the entry into force of the WTO Customs Valuation Agreement (CVA). The Agreement seeks to tackle Customs clearance delays resulting from valuation verification and to ensure that the Customs value of goods entering a market are properly assessed to reflect the actual price of the goods as agreed between the buyer and seller.

customs value/valuation
en, fr, lt
Transfer pricing: understanding multinational firms’ practices
31-10-2020

A significant amount of work has been done over the last 15 years on “convergence” of income tax transfer pricing (TP) and Customs valuation. Both income tax and Customs rules seek the same result, … ensuring that prices between related parties are “at arm’s length,” set as if the parties were unrelated. But the rules are different. Income tax TP rules in the majority of countries are based on guidelines established by the Organisation for Economic Co-operation and Development, OECD. Customs valuation principles are established in the WTO Valuation Agreement (Agreement). Moreover, the revenue collection focal points of tax and Customs administrations are different: a high transfer price generally results in a high duty, but low income tax; a low transfer price results in lower duties and higher income taxes.

William M. Methenitis

customs value/valuation
en, fr, lt
Transfer pricing: understanding multinational firms’ practices
31-10-2020

A significant amount of work has been done over the last 15 years on “convergence” of income tax transfer pricing (TP) and Customs valuation. Both income tax and Customs rules seek the same result, ensuring that prices between related parties are “at arm’s length,” set as if the parties were unrelated. But the rules are different. Income tax TP rules in the majority of countries are based on guidelines established by the Organisation for Economic Co-operation and Development, OECD. Customs valuation principles are established in the WTO Valuation Agreement (Agreement). Moreover, the revenue collection focal points of tax and Customs administrations are different: a high transfer price generally results in a high duty, but low income tax; a low transfer price results in lower duties and higher income taxes.

William M. Methenitis

customs value/valuation
Login Sign up
Forgot password?

Password reset

Check your e-mail, we sent you a link to reset your password.
Continue with Google
Contact us

Contact us

Thank you for report
Your email can be used only to contact you for problem details. It won't be used for advertising purposes
Maximum file size 6mb
File is too large