Landed Cost Calculation Essentials

In the ever-expanding realm of cross-border eCommerce, understanding landed cost calculation is paramount for businesses seeking to thrive in international markets. Landed cost, the total price of a product once it has arrived at a buyer’s doorstep, encompasses various expenses such as customs duties, taxes, shipping fees, and handling charges. Accurate landed cost calculation is […]

Cross-border Duties & Taxes Demystified

Are you a business engaged in cross-border trade? If so, you’re likely familiar with the complexities surrounding duties and taxes. Navigating the labyrinth of international regulations and tariffs can be daunting, often leading to unexpected costs and delays. But fear not! In this post, we’ll shed light on this intricate subject and introduce you to […]

AI’s Role in Customs Compliance and Trade Agreements

In our increasingly interconnected world, customs compliance and international trade agreements play pivotal roles in global commerce. Staying compliant with intricate customs regulations and navigating the complex web of trade agreements can be challenging for businesses. However, Artificial Intelligence (AI) has emerged as a powerful tool, simplifying these processes and ushering in a new era […]

Customs Modernisation through ICS2: Benefits and Challenges

In the ever-evolving landscape of global trade, the need for efficient customs processes has gained prominence. Traditional methods of customs management have given way to modernisation efforts, with Import Control System 2 (ICS2) emerging as a key player in this transformation. In this blog post, we’ll delve into the benefits and challenges of customs modernisation […]

Seamless Imports: How DDP Enhances Supply Chain Efficiency

In the intricate landscape of international trade, the efficiency of supply chains can make or break a business’s success. One of the key tools that contribute to this efficiency is the incoterm, a vital component that outlines the responsibilities and costs associated with the transportation and delivery of goods. In this blog post, we’ll delve […]

VAT Updates in the EU in 2024: What You Need to Know

The year 2024 brings some important changes to the VAT rates, rules and regulations in the EU. Some countries have increased or decreased their VAT rates, while others have introduced new exemptions or reduced rates for certain goods and services. In this blog post, we will summarize the main VAT updates in the EU in […]

How AI Can Help Enhance Landed Cost Calculation in Supply Chain

I trust this post finds you in good spirits and gearing up for some insightful reading. We are about to explore the realm of supply chain optimization and cost management. We’ll discuss how artificial intelligence (AI) is transforming landed costs calculation. This is a game-changer for supply chain professionals and businesses and can certainly guide […]

Streamlining IOSS Compliance: How Automation Simplifies VAT Reporting

The implementation of the Import One-Stop Shop (IOSS) scheme in the European Union has revolutionized how businesses handle Value Added Tax (VAT) for cross-border e-commerce. IOSS allows companies to collect and remit VAT at the point of sale, simplifying the process and improving the customer experience. However, complying with VAT regulations can still be complex […]

Are IOSS and ICS2 the same?

Without much ado, the answer is no. Although they are both related to cross-border eCommerce, IOSS (Import One-Stop Shop) and ICS2 (Import Control System 2) are two separate systems with different purposes. Import One-Stop Shop (IOSS) IOSS is a simplified VAT payment system that was introduced in the EU in July 2021. It allows businesses […]

SMEs and International Trade: Overcoming Customs Challenges

In today’s globalized economy, small and medium-sized enterprises (SMEs) have unprecedented opportunities to tap into international markets. However, navigating the complex world of international trade, particularly customs procedures, can present significant challenges for these businesses. This blog post delves into the customs challenges faced by SMEs when engaging in international trade and offers strategies to […]