Customs Treatment of Related Fees: Tax Planning Under WTO

July 02, 2003 | BY

clpstaff &clp articles

Customs compliance and tax planning for cross-border transactions are becoming more important and complex. Payments between different links in a cross-border supply chain must be structured carefully to avoid high customs value and possible double taxation.

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By Neal Stender & Wang Dong, Coudert Brothers, Hong Kong and Beijing

The newly issuedPRC General Administration of Customs Procedures Concerning Imported Goods Royalty Valuation (the Royalty Procedures, effective