Customs and International Trade

Navigating localized tax regulations across a global economy

Government authorities are heavily-focused on international trade. Regulations and enforcement efforts are being expanded to help increase revenue collection and penalize non-compliance. In response, companies must increase oversight and effective management of the trade function to help succeed in a complex global operating environment.

To be successful in today’s regulatory and business environments, companies must have an effective global trade function by utilizing their people, processes, governance, and technology to reduce the cost of international trade, align business and tax strategies to help improve organizational collaboration, and mitigate regulatory risk.

PwC’s Customs and International Trade professionals help enable your company to develop insightful planning and implementation strategies which may help reduce your liabilities, while integrating the compliance process into your overall business operations.

To achieve your company's global trade objective in the US customs area, we can help you with:

Import / Trade ops

Support with day-to-day import requirements, from reconciliation to post summary corrections. This focus on the 3 import pillars: Value, Origin and Classification.

  • Reconciliation
  • Broker escalation
  • Pre / Post-entry review
  • HS classification
  • Origin compliance
  • Post-summary corrections

Export sanctions

Supporting companies with export / sanctions requirements

  • Sanctions
  • Export controls / Licenses
  • Restricted party screening
  • ECCN classification

Strategy / Governance

Helping companies enhance their trade compliance environment and leveraging it as a strategic differentiator

  • Training
  • Origin marking
  • ISA / C-TPAT / AEO
  • Trade practice benchmarking
  • Post deal integration
  • Transfer pricing alignment
  • Customs valuation (related party pricing)
  • Risk assessment
  • Protest / Customs rulings
  • Trade policy consulting
  • Internal audit
  • Test & monitor (T&M)
  • Compliance review
  • Compliance and operating procedures
  • Customs dispute resolution
  • Compliance risk mitigation (prior disclosures)
  • M&A due diligence
  • Forced labor

Cost reduction / Duty mitigation

Focused on helping companies finding new opportunities to have cash back or reduce the impact of duties in their operations

  • Duty drawback
  • USMCA
  • Free trade agreements (FTA)
  • Foreign trade zones (FTZ)
  • Bonded warehouse
  • Country-specific requirements
  • Landed cost evaluation
  • Supply chain planning
  • Chapter 98
  • Exclusions
  • Generalized System of Preferences (GSP)
  • First sale for export
  • Value chain transformation
  • Trade function optimization
  • Trade transformation assessment & support
  • Classification re-engineering

Data / Technology

Leveraging technology to facilitate the trade compliance requirements and using trade data to provide insights to the overall company's trade and supply chain footprint.

  • Trade automation
  • Data analytics
  • Customs data (e.g., ACE)
  • Broker / FF data
  • Automated workflows
  • SAP GTS / Oracle GTM

Customs and Trade Managed Services

PwC’s Customs and Trade Managed Services allow us to take care of your customs-related processes while you can focus on your core business. This service streamlines the complexities of global trade, helping to comply with changing regulations and improving operational effectiveness, reducing disruption, delays and cost. Leveraging our knowledge, experience and technology enables smoother operations through efficiency, quality, and consistency.

Tariffs and Taxes: Retaliation & Retribution

Doug McHoney (PwC’s International Tax Services Global Leader) is joined by Chris Desmond, PwC’s US Global Trade Services Leader to catch up on the latest customs and trade happenings. Doug and Chris talk about Chris’s transition from a transfer pricing partner to specializing in customs and trade, the potential US tariffs environment post election, how companies might respond with supply chain changes, the impact of the recent Mexican and Canadian tariffs, the use of tariffs as a retaliatory action, how tax authorities are leveraging customs data, as well as the importance of modeling, documentation, and data gathering.

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Brian Burt

Transfer Pricing & Customs Tax Services Leader, PwC US

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