tariffs News

Brexit: UK Rolls Out Transitional Simplified Procedures For Importers

by Jason Gorringe, Tax-News.com, London

Friday, October 18, 2019

HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures, allowing most UK traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on October 31, 2019. Read Full Story

OECD Says Pace Of Global Tax Reform Has Slowed

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, September 5, 2019

The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges. Read Full Story

EFTA And Mercosur Blocs Conclude Free Trade Deal

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 29, 2019

The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Mercosur group of countries (Argentina, Brazil, Paraguay, and Uruguay) concluded in substance a broad-based free trade agreement at the tenth round of negotiations from August 20 to 23, 2019. Read Full Story

US And France Nearing Digital Tax Compromise

by Ulrika Lomas, Tax-News.con, Brussels

Friday, August 30, 2019

The Governments of France and the United States are reportedly close to settling a dispute surrounding France's digital services tax. Read Full Story

Mexico Ratifies New North American Free Trade Deal

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 8, 2019

Mexico has completed its domestic ratification procedures in respect of the new US-Mexico-Canada Agreement (USMCA), which will replace the North American Free Trade Agreement, with the US and Canada. Read Full Story

EU Agrees Largest Ever Trade Deal, With Mercosur Bloc

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 5, 2019

The EU and Mercosur have reached a political agreement on a new trade agreement that will save EU businesses an estimated EUR4bn (USD4.5bn) worth of duties a year. Read Full Story

African Continental FTA To Enter Into Force

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 10, 2019

The African Continental Free Trade Agreement will enter into force on May 30, 2019, after Sierra Leone and the Sahrawi Republic deposited their instruments of ratification of the agreement. Read Full Story

Switzerland, UK Agree On Post-Brexit Trade Relationship

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 12, 2019

The UK and Switzerland have signed a trade continuity agreement that will serve as a basis for their trading relationship after Brexit. Read Full Story

EFTA States, Indonesia Ink Trade Deal

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 21, 2018

The European Free Trade Association states – Switzerland, Liechtenstein, Norway, and Iceland – and Indonesia have signed a Comprehensive Economic Partnership Agreement (CEPA), which will slash tariffs on a majority of industrial goods. Read Full Story