SINGAPORE: The Goods and Services Tax (GST) will be imposed on all imported goods from 2023 after a Bill was passed in Parliament on Tuesday (Nov 2). Under the Goods and Service Tax (Amendment) Bill, GST will be extended to low-value goods worth up to S$400 that are imported via air or post from…
16 August 2021 – A Comprehensive Guide On The Working Process Of Container Shipping In Canada Canadian imports and exports are heavily reliant on container shipping. With this mechanism in place, individuals and businesses that are into eCommerce can move goods from Canada to other countries across the globe, and vice-versa. Venturing into this industry…
30 July 2021 – According to a new report, cross-border e-commerce merchants in China largely depend on marketplaces and third-party agents to manage their compliance. The UK’s HM Revenue & Customs (HMRC) recently commissioned in-depth interviews with 30 Chinese online sellers for a report titled Knowledge and Attitudes of Online Sellers in China to UK Tax…
14 July 2021 – The European Union (EU) has introduced new rules governing the value-added tax (VAT) applied to cross-border eCommerce sales. These changes, effective July 1, include the removal of the VAT exemption on imported goods into the EU with a value up to EUR22 (around Dhs95). A special scheme for distance sales of…
28 June 2021 – The EU-UK Trade and Cooperation Agreement On 24 December 2020, the EU and the UK reached an agreement on the terms of their relationship following the UK’s withdrawal from the EU. The EU-UK Trade and Cooperation Agreement (TCA) formally entered into force on 1 May 2021 and provides for zero tariffs and zero…
23 June 2021 – The EU is introducing new rules on VAT applied to cross-border e-commerce sales on July 1, 2021. Marius Penninks of FedEx explains the new system and discusses what preparedness looks like for express logistics and transportation companies and their customers. On July 1, 2021, as one of the priorities under the Digital…
22 June 2021 – Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies The Centre is planning fresh guidelines for e-commerce companies, including appointment of a chief compliance officer, giving preference to the sale of locally produced goods, mandatory registration of e-tailers with Department for Promotion of Industry and Internal Trade (DPIIT),…
1 June 2021 – Canadian exporters must develop new strategies to deal with numerous external challenges As we all know, the pandemic has been a brutal shock. The forced closure of many parts of the economy in the first few months of 2020 plunged Canada and the world into a steep recession. What do we make of…
10 May 2021 – E-commerce has been a rapidly advancing trend for years, and the COVID-19 pandemic has further accelerated the growth of online sales along with the demand for e-commerce services in both B2B and B2C. To expand its expertise and complete its service portfolio, cargo-partner has purchased the German-based company Repalog – a…
10 May 2021 – Agility and the ability to adapt to difficult circumstances remains the No. 1 attribute for freight forwarders—but the pandemic put them to the test. Today, the leading forwarders are investing in technology that not only increases efficiency, but also enhances operations and creates new global solutions. The global COVID-19 pandemic has created a…
