Customs value
The general rules for determining the customs value are laid down in the Union Customs Code (UCC). The term ‘customs value’ is primarily used when applying the customs tariff. The UCC has six methods for determination the value, which should be applied in chronological order (at the request of the importer methods 4 and 5 are interchangeable).
Transfer Pricing Controversy
The ongoing public debate about transfer pricing, transparency in taxation and the levying of tax where value is created within a group has increased the pressure for regulatory action. This has resulted in the introduction of various laws and regulations on a global, regional and local level.
Origin
The origin of a product is essential for the technical customs treatment of goods that are imported into or manufactured in the European Union (EU), or for goods that are exported to third countries. There are two definitions of the term ‘origin’: the preferential origin and the non-preferential origin.
Global Family Business Report 2024
Finding ways for tradition and innovation to co-exist is one of the most common challenges in building a lasting legacy in family businesses. By exploring the essence of legacy and its impact on business performance, the detailed data analysis, academic insights and the firsthand experiences of family business CEOs in this report contribute to a deeper understanding of the importance of balancing tradition and innovation for long-term success in family businesses.