While customs authorities often justify stricter scrutiny as a safeguard against under-invoicing, global norms prescribe assessment based on transaction value, with penalties imposed in proven cases ...

Companies that import goods from other countries pay a customs duty at the entry port. The duty amount might depend on the value of the imported goods. The World Trade Organization has established a ...

As tariffs on goods imported into the United States keep changing, the interplay between customs values and transfer pricing has become more significant. Taxpayers with established transfer prices may ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In the dynamic and often unpredictable world of ...