News & Analysis as of

Tax Liability Imports

DLA Piper

VAT Public Clarification VATP044

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On 26 May 2025, the UAE Federal Tax Authority (FTA) issued Public Clarification VATP044, confirming that UAE-based recipients of Concerned Services are not required to self-issue tax invoices if they retain valid invoices or...more

DLA Piper

Customs Agent Ordered to Pay GBP1m in Import VAT Relating to its Customer's Imports

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Roseline Logistics Ltd (Roseline) acted as a Customs agent for QP Trading Limited (QPTL) and made 32 import declarations between January and May 2022. Roseline claimed postponed VAT accounting (PVA) on QPTL's behalf in each...more

DLA Piper

New Jersey Weighs in on Sales Tax Impact of US Tariffs

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The current US administration has added tariffs to a variety of goods sold by US retailers but imported from foreign sellers. In other cases, foreign retailers subject to tariffs, may sell their products directly to US...more

Jones Day

Navigating Tariffs and Income Taxes and Transfer Pricing

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In this new trade landscape, it is more important than ever to coordinate customs and operational planning with income taxes and transfer pricing....more

A&O Shearman

The UK's carbon border adjustment mechanism continues to take shape

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Ahead of the commencement of the UK Carbon Border Adjustment Mechanism (CBAM), key building blocks for its regulatory framework are moving into place. Following consultations in 2023 and 2024, draft legislation and a policy...more

Seyfarth Shaw LLP

Allocating the Risk of Tariff Price Increases

Seyfarth Shaw LLP on

As the Trump Administration’s tariffs are now in effect, owners, developers, and contractors managing pending construction projects face questions about who is ultimately responsible for impacts (both time and cost) resulting...more

Pierce Atwood LLP

Transfer Pricing and Tariffs: Finding Certainty in Trade Uncertainty

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The current administration’s whipsaw of imposed and withdrawn tariffs continues to rattle financial markets and industries across the United States. In New England, annual trade of goods and services with Canada exceeds...more

Procopio, Cory, Hargreaves & Savitch LLP

Understanding Tariffs and Strategies for Mitigating Their Impact

In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade agreements between the U.S., Mexico, and Canada, as well as with other countries. The U.S....more

Braumiller Law Group, PLLC

[Webinar] Harmonized Tariff Schedule Classification - October 26th, 8:00 am PT

Why Should You Attend: The Harmonized System (HS) is used by virtually all countries to determine the duty/taxes and admissibility of imported goods. Because the classification of goods under the HS is a legal determination...more

Freeman Law

Maquiladora Program

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In 1964, the Mexican government introduced Maquiladoras as a strategy to attract foreign investment and increase industrialization on the Mexican border. Maquiladora’s process, produce, transform, or repair goods owned by...more

Miller Nash LLP

A Non-U.S. Company’s Guide To Doing Business in the U.S.: Understanding Federal Taxes

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The global economy is becoming increasingly integrated, and companies are routinely able to access markets throughout the world. For decades, the United States has maintained a robust economy and a strong market for imported...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - February 2022: Understanding the America Competes Act of 2022 – What Upcoming Major Changes to...

The House Committee on Science, Space, and Technology recently voted to advance the America Competes Act of 2022 “the Act.” This comes after the Senate passed its version of the bill, the U.S. Innovation and Competition Act,...more

BakerHostetler

IRS Provides Initial and Limited Guidance on Newly Reinstated ‘Superfund Tax’

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Last month, the IRS published Notice 2021-66, issued in response to the Infrastructure Investment and Jobs Act’s (Jobs Act) reinstatement of the previously expired “Superfund Tax”—an excise tax imposed on manufacturers,...more

A&O Shearman

Arrest of helicopter for unpaid tax did not frustrate contract

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If a contract allocates the risk of a given event, it is unlikely that event will give rise to a defence of frustration....more

McDermott Will & Schulte

Oregon Issues New Guidance on Hard Seltzer Classification

Recently, Oregon issued clarification pertaining to the classification of hard seltzers in the state. The guidance, as summarized below, impacts the majority of hard seltzers in the market. Classification of hard seltzer has...more

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