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Overview

Valuation

Overview

Activities and Programmes

  • Revenue Package

    Revenue Package

    The Revenue Package was developed by the World Customs Organization (WCO) in response to WCO Members’ concerns in regard to falling revenue returns in the light of the global financial crisis and declining duty rates.

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  • Technical Assistance and Training

    The Global Customs Studies Center offers a wide range of courses for WCO Members and private sector.

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  • Customs Valuation and Transfer Pricing

    A large proportion of world trade is carried out by multinational enterprises (MNEs), and a substantial part consists of transfer of goods, intangibles and services within MNEs. This makes international taxation and in particular transfer pricing a top priority for tax administrations as well as MNEs.

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  • What is Customs Valuation?

    The customs value of imported goods is determined mainly for the purposes of applying ad valorem rates of customs duties. It constitutes the taxable basis for customs duties. It is also an essential element for compiling trade statistics, monitoring quantitative restrictions, applying tariff preferences, and collecting national taxes.

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  • WTO Valuation Agreement

    The WTO Valuation Agreement is formally known as the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade (GATT) 1994. It replaced the GATT Valuation Code as a result of the Uruguay Round multilateral trade negotiations which created the WTO in 1994.

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