Duty and Tax Identification
|Current listings of all default/MFN and preferential import duties, VAT and other major governmental taxes|
Broad Country Tax Coverage
|Identify all applicable product and international trade taxes and duties by country|
Accurate Landed Cost Calculation
|Final landed cost analysis based on current duties, excise tax, value-added tax, provincial taxes, profit taxes, statistical taxes, customs fees, port charges and all other taxes and accessorials|
Duties, Taxes and Fees
Issues and Challenges
Duties and taxes are levied by governments around the globe based on the product value including freight and insurance. These fees vary widely based on the ways different countries apply tariffs on different products. Monitoring and accurately interpreting tariff updates and the various taxes by country can be a manually intensive and daunting task. This task is especially tedious when countries update their tariffs continuously or tariff rates change based on specific dates throughout the year.
How Amber Road Can Help
Amber Road's network of In-Country Content Providers (ICCP) and trade specialists monitor and screen country specific duties, fees and taxes. These fees are compiled and updated using our ISO 9001:2008 19-step process and maintained within our global trade content database. Updates to default taxes, most favored nation (MFN) duties, preferential import duties, value-added tax (VAT) and other major governmental taxes are then performed to ensure customers have access to the most current global trade duty and tax information.
With this information, Amber Road ensures companies are utilizing up-to-date duty and tax information, resulting in enhanced tax accuracy, reduced global trade risks and improved process efficiencies.
Organizations buying or selling goods globally are overwhelmed with complexity. And the mountain of legalese and red tape required to establish and maintain compliance with government regulations.
Amber Road maintains the most comprehensive and robust database of global trade content, government regulations, and international business rules available today. We cover over 145 countries, roughly 95% of world trade making our trade content and content management process the best in the industry. We call it Global Knowledge® and it’s tightly integrated within our suite of global trade management software.
"As a multinational technology leader, screening is critical to our business. We selected Amber Road to help us comply with global export regulations because of its complete and up-to-date list coverage."
Director, Regulatory Compliance and Senior Counsel