Gulf Cooperation Council (GCC) Implements a New VAT

Posted by Kristine Bols

Companies importing into the GCC States (Gulf Cooperation Council: Kuwait, UAE, Saudi Arabia, Oman, Bahrain and Qatar) will no longer be able to move their goods across borders tax-free. Effective January 1, 2018, a 5 percent Value-Added Tax (VAT) rate will be implemented, based on a 2015 Agreement laid-out at the 36th Meeting of the Supreme Council of the in Riyadh. The Agreement aims to establish a common legal framework for the introduction of a general tax (VAT) levied on the import and supply of goods and services at each stage of production and distribution.

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Topics: Product Classification, Global Knowledge

e-Commerce Snapshot: The Trade Trends Report 2017

Posted by Julia Gorman

From January to now, 2017 has been riddled with great disruption for global trade professionals. Large-scale changes to trade agreements, boosts in regulatory enforcement, unsteady political landscape, the approach of Brexit, and the destructive trail of natural disasters have spun the global trade world into a state of utter uncertainty.

Now more than ever, companies need to re-engineer processes and supporting systems to achieve a totally new level of agility to respond to these market forces. Not one global company is alone in these challenges; instead all manufacturers, shippers, logistics providers, and other related service providers are struggling through shared uncertainties, risks, and disruptions. Amber Road and AAEI’s The Trade Trends Report: 2017 Survey on Sourcing, Trade and e-Commerce, identifies the primary challenges and the means to proactively prepare for them.

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Topics: Global Knowledge

The India Goods & Services Tax

Posted by Nick Boland

A couple of months ago, we reported in our blog that India’s comprehensive dual Goods and Services Tax (GST) would become a reality on July 1, 2017. Hailed as India’s biggest tax reform, the new program is now in full effect and has replaced the complex multiple indirect tax structure.

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Topics: Landed Cost Calculation, Global Knowledge

BREXIT, THE BUMPY ROAD AHEAD: EU Tariff Rate Quotas

Posted by Arne Mielken

Negotiations have resumed in Brussels over Britain’s exit from the European Union (EU). Since the last round of talks in July, the United Kingdom (UK) has published a series of position papers on various Brexit issues, including the future customs cooperation with the EU (Open for Business: Customs at the Forefront of the UK’s New Special Partnership with the EU). There is also talk of a transition for the immediate period after Brexit. Real chances of discussing these issues are not dependent on Great Britain alone, but on what transpires at an EU October summit authorizing the start of trade negotiations.

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Topics: Duty Management, Global Trade Content, Global Knowledge, Trade Content Specialists

Open for Business: Customs at the Forefront of the UK’s New Special Partnership with the EU

Posted by Arne Mielken

Although Big Ben has been taken out of commission for the next four years while it is being refurbished, the UK is making sure commerce and trade will be running after its departure from the European Union (EU). The story is well-known by everyone in the trade industry; the United Kingdom-European Union membership referendum vote held on 23 June 2016 resulted in 51.9% of voters voting in favor of leaving the EU. The government initiated the official EU withdrawal process on 29 March 2017, putting the UK on-course to complete the withdrawal process by 30 March 2019.

Amber Road has regularly kept our customers and trade professionals in the know about Brexit’s impact on trade. The blog post on 15 June 2016 and a full corporate press release. We also held a special webinar on the “The British Vote Brexit: How Will This Impact Global Trade in EU and US Companies?” which is available on-demand and issued a Q&A paper.

Following months of speculation regarding the UK’s position on various aspects of global trade – positions that are now subject to serious scrutiny as the government negotiates the departure from the EU - an official paper was just released to clarify the government’s plans...

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Topics: Global Trade Content, Global Knowledge, Trade Content Specialists

Your Supply Chain From The Outside In

Posted by Julia Gorman

In today’s global marketplace, internal data can no longer sustain enterprise operations. With the universal complexity of trade laws and regulations, external content has transformed from a supplement to a vital component of global trade management (GTM).

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Topics: Global Trade Management Software, Global Trade Content, Global Knowledge

UK Files Divorce Papers with the European Union: What Global Traders Need to Know Now

Posted by Arne Mielken

The official government website of the United Kingdom (www.page.gov.uk) cites three main steps to obtain a divorce in the United Kingdom. These steps provide a  very formal process and detail the lengthy list of official documents to be obtained.  Basically here is the procedure:

  • Step 1: Apply for divorce and give reasons why you want the marriage to end.
  • Step 2: Obtain a formal “no objection” document from the court.
  • Step 3: After waiting at least 6 weeks, get a legal document that ends your marriage.
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Topics: Global Trade Management Software, Global Knowledge

Global Knowledge Advance Notification Twitter Roll-Out

Posted by Anthony Hardenburgh

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. This is the secret to our success and it's what makes us the world leader in global trade management software solutions and services.

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Topics: Global Trade Management Software, GTM Best Practices, Trade Regulatory Content, Global Knowledge

Video Series Chapter 7: Global Knowledge®

Posted by Joseph Gabro

Continued from Chapter 6: Trade Compliance

Organizations buying or selling goods globally are overwhelmed with the mountain of legalese and red-tape required to establish and maintain compliance with government regulations. Language barriers and rapidly changing information add to the existing complexity of global trade.

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Topics: Global Trade Content, Trade Regulatory Content, Global Knowledge

Amber Road Adds Import Controls on EU Invasive Alien Species

Posted by Arne Mielken

On July 13, 2016, the EU added new import controls on invasive alien species (IAS) to its TARIC database with the Commission Implementing Regulation (EU) 2016/1141, adopting a list of invasive alien species of EU concern pursuant to EU Regulation No. 1143/2014. Amber Road's EU Trade Content team has captured these new import controls and updated our global trade content.

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Topics: Import Management, Global Trade Content, Global Knowledge