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TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

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June 2013, Volume 12, Issue 2 In this issue Global WCO approves advisory opinion on trademark royalties ..................................................... 2 Americas :jYrad È Ka_faÕ[Yfl aehjgn]e]flk lg kh][aYd [mklgek j]_ae]k g^ l]ehgjYjq admission and temporary export............................................................................... 4 F]o Ymlgeglan] lYp j]_ae] ...................................................................................... 5 Egj] \]n]dghe]flk ^gj klYl] nYdm]%Y\\]\ lYp j]^gje ................................................. 7 ;YfY\Y È L`] ÉaHg\ lYja^^Ê [gfljgn]jkq af ;YfY\Y Yf\ É]f\%mk]Ê []jlaÕ[Yl]k ...................... 8 Mh\Yl]2 ^]o]j Z]f]Õ[aYjq [gmflja]k mf\]j hjghgk]\ [`Yf_]k lg ;YfY\YÌk ?]f]jYd Hj]^]j]flaYd LYja^^ ...................................................................................... 11 E]pa[g È E]pa[Yf Yml`gjala]k afalaYl] YeZalagmk >L9 Ym\al hjg_jYe oal` ZjgY\]f]\ k[gh] ................................................................................................... 12 H]jm È ;mklgek Ym\algjk af[j]Ykaf_dq dggcaf_ Yl ljYfk^]j hja[af_ j]hgjl ............................ 14 Mfal]\ KlYl]k È MK ;mklgek hjgna\]k _ma\Yf[] gf j]^mf\k ^jge hgkl%aehgjlYlagf ljYfk^]j hja[af_ Y\bmkle]flk .................................................................................. 15 9kaY%HY[aÕ[ 9mkljYdaY È 9mkljYdaY ;mklgek gmlka\] l`] lYj_]l jYf_] gf ljYfk^]j hja[af_........................ 17 9mkljYdaYf \]n]dghe]flk È f]o 9fla%<mehaf_ ;geeakkagf$ \]^]fk] ljY\] oal` l`] MK Yf\ >]\]jYd :m\_]l Yffgmf[]e]flk...................................................... 18 Cgj]Y È ;mklgek Ym\alk lg af[j]Yk] Ydgf_ oal` ÕfYf[aYd ]phgkmj] ^jge aehgjl N9L........... 20 Cgj]Y%Lmjc]q >L9 ................................................................................................... 22 Europe, Middle East and Africa =mjgh]Yf Mfagf È Mfagf ;mklgek ;g\]2 aehda[Ylagfk ^gj [mklgek nYdmYlagf hdYffaf_ ........ 23 ?]jeYfq È F]o \aj][lagfk ^gj [mklgek nYdmYlagf g^ j]dYl]\%hYjlq ljYfkY[lagfk ................. 25 Lmjc]q È >j]] ljY\] Y_]f\Y ............................................................................................ 27 AkjY]d È AkjY]da Kmhj]e] ;gmjl jmdaf_ gh]fk \ggj ^gj []jlYaf hgkl% importation amendments ....................................................................................... 28 =Ykl 9^ja[Yf ;geemfalq È Aehda[Ylagfk g^ Y kaf_d] [mklgek l]jjalgjq gf ]phgjl af[]flan]k ................................................................................................... 29 TradeWatch
Transcript
Page 1: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

June 2013, Volume 12, Issue 2

In this issueGlobalWCO approves advisory opinion on trademark royalties ..................................................... 2

Americas

admission and temporary export ............................................................................... 4

...................................................................................... 5

................................................. 7

...................... 8

...................................................................................... 11

................................................................................................... 12

............................ 14

.................................................................................. 15

........................ 17

...................................................... 18

........... 20

................................................................................................... 22

Europe, Middle East and Africa ........ 23

................. 25

............................................................................................ 27

importation amendments ....................................................................................... 28

................................................................................................... 29

TradeWatch

Page 2: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

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.

Page 3: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

3 TradeWatch June 2013

imported goods.

sale is properly implied.

Implications for importers

Dallas

Page 4: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

4 TradeWatch June 2013

Brazil

of temporary admission and temporary export

held in Brazil.

São Paulo

São Paulo

Americas

Page 5: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

5 TradeWatch June 2013

New automotive tax regime

Incentives granted by Inovar-Auto

per year

Implications of quota limits for importers

Page 6: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

6 TradeWatch June 2013

Recent additional rules

steering systems and panels. These items represent

São Paulo,

São Paulo,

Page 7: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

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,

Page 8: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

8 TradeWatch June 2013

1

2

CanadaThe “iPod tariff” controversy in Canada and

The Globe and Mail

Page 9: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

9 TradeWatch June 2013

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

Page 10: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

10 TradeWatch June 2013

Toronto,

Montreal,

Page 11: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

11 TradeWatch June 2013

changes to Canada’s General Preferential Tariff

TradeWatch

legislation.

Montreal,

Page 12: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

12 TradeWatch June 2013

MexicoMexican authorities initiate ambitious FTA audit program with broadened scope

Direct shipment requirement

Page 13: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

13 TradeWatch June 2013

NAFTA 303 audits

program

exported to the US or Canada.

303.

need to assess whether pedimentos were

Dallas,

Dallas,

Page 14: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

14 TradeWatch June 2013

PeruCustoms auditors increasingly looking at transfer pricing report

Lima,

Lima,

Page 15: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

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

Page 16: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

16 TradeWatch June 2013

Implications for importers

Dallas,

New York,

New York,

Page 17: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

17 TradeWatch June 2013

7

A statement of intent

Missed opportunity

Sydney,

Melbourne,

AustraliaAustralia Customs outside the target range on transfer pricing

Page 18: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

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

Page 19: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

TradeWatch June 201319

2013 Federal Budget Announcements

A Plan for Australian Jobs TradeWatch

Brisbane,

Brisbane,

Page 20: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

20 TradeWatch June 2013

Korea

exposure from import VAT

last year.

More focus on multinationals and related party pricing

changes to VAT Enforcement Decree

Page 21: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

21 TradeWatch June 2013

What should importers do?

Seoul,

Page 22: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

22 TradeWatch June 2013

Korea-Turkey FTA

Seoul,

Page 23: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

23 TradeWatch June 2013

planning.

Where we stand today

European UnionUnion Customs Code: implications for customs valuation planning

Europe, Middle East and Africa

Page 24: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

24 TradeWatch June 2013

Committee on Internal Market and

date.

Looking ahead

Brussels,

Brussels,

Page 25: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

25 TradeWatch June 2013

GermanyNew directions for customs valuation of related-party transactions

Customs value vs. transfer pricing

Page 26: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

26 TradeWatch June 2013

Practical implications

importation.

Documents talkFrankfurt/Eschborn,

Frankfurt/Eschborn,

Page 27: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

27 TradeWatch June 2013

interesting developments.

Turkey — South Korea

the Korean market.

What’s next

Istanbul,

TurkeyFree trade agenda

Page 28: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

28 TradeWatch June 2013

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,

Page 29: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

29 TradeWatch June 2013

East African CommunityImplications of a single customs territory on export incentives

Page 30: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

30 TradeWatch June 2013

Nairobi,

Page 31: TradeWatch - June 2013 - Volume 12 | Issue 2FILE/... · TradeWatch June 2013

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


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