Global Customs Valuation, Ad valorem x specific duties, BAT, VAT, Currency volatility, Transfer Pricing, BEPS, Fragmentation, Direct and Indirect taxes collected at the border.

1. Global Customs Valuation

2. Whitaker & Baxter Campaigns, 1939

3. Trade and Tariffs – Why?

4. Mapa Mundi - Hanns Rust ca. 1480

5. Chile - Argentina
Photo by Jan Hoffman
Territory

6. Perspective

7. • 5%
Ad valorem
• $5 per kg
Specific
• 10% + $2 per kg
Compound
• 10% or $2 per kg, whichever is higher
Mixed
• 8.3% + EA MAX 18.7% + AD S/Z
“Technical”
Duties

8. Wine?

9. WTO Agreements

10. Customs Valuation Methods

11. Transaction Value

12. Related parties
Closed System
By Ho Siu Kee

13. Keynotes on CV and TP

14. Customs Valuation and Transfer Pricing

15. Complainant:
Philippines
Respondent:
Thailand
Violation of
WTO CVA (OMC AVA): Art. 3, 1.1, 1.2, 4, 5, 6, 7, 10, 13, 16
GATT: Art. II:1(b), III:2, III:3, VII:1; VII:2, VII:5, X
WTO Dispute 371

16. Ping Pong Game

17. • WCO TCCV Commentary 23.1
- Expression “Circumstances
Surrounding the Sale”
• WCO TCCV Commentary 4.1 –
Price Review Clauses
• WCO TCCV Case Study 10.1 –
Application of Article 1.2
• WCO TCCV Case Study
14.1 – TP TNMM

18. BEPS and Customs Valuation

19. Europe Union Customs Code UCC
• First Sale - Last Sale

20. Currency undervaluation is equal to goods undervaluation, except that it is done by the state.

21. Deglobalization

22. Thank you
Obrigado
Leonardo Macedo
Senior Customs Officer / WCO Accredited Expert
Leonardo.Macedobr@gmail.com