ICS2 and the Importance of Submitting Accurate Data
The new European Union pre-arrival safety and security programme, Import Control System 2 (ICS2) will come into force on 1st March 2023 as a mandatory procedure for Economic Operators shipping goods to or via EU by air. It’s important to bear in mind, however, that submission of accurate data will play an important role to […]
MDC to Participate at the 2023 WMX in Miami
My Duty Collect will participate at the 2023 WMX Americas conference in Miami, US. The event will take place on 13 – 15 February. Attendees can join it by registering here. Don’t miss out on the chance to meet top-industry parcel and logistics stakeholders. –READ MORE: My Duty Collect is Now an IOSS Intermediary– Postal […]
IOSS: Registration for Multiple Schemes
A supplier established in the EU can be registered in the Union scheme under the OSS and also be registered for the IOSS. Registration for multiple schemes is perfectly accepted and allowed under the IOSS rules. Check out more details on whether your business is eligible for the IOSS multiple registration scheme: –READ MORE: Obligations […]
EU Commission Publishes the 2023 version of the Combined Nomenclature
Combined Nomenclature (CN) forms the basis for the declaration of goods (a) when they are imported or exported, or (b) they are subject to trade statistics within the EU. This determines the duty rates that apply and how the goods are treated for statistical purposes. The Combines Nomenclature is therefore an essential working tool for […]
Singapore Sets GST on Imports of Low-Value Consignments
On January 1, 2023, Singapore’s national Goods and Services Tax (GST) will come into force. Singapore-based consumers must pay GST on goods valued at S$400 or below. Low-value goods, or LVG, are those that are imported into Singapore via air or post that don’t exceed the value of S$400. –READ MORE: Registering for the IOSS– […]
Removal From The IOSS: How To Avoid it
The peak season is here and it is definitely the best time of the year for retailers and online sellers, considering the high demands. However, it can be tricky to remain tax compliant, especially when selling to EU-based final consumers. Non-VAT IOSS compliance can be costly and result in serious penalties imposed by the EU’s […]
Get Ready for Import Control System 2 (ICS2)
15 March 2021 dated the first Release Date of the implementation of the new UCC – Union Customs Code, related to the entry of goods into the European Union, also known as ICS2. All EU member countries’ customs authorities will be following the new Import Control System guidelines, which aim at anticipating relevant import information […]
The STOP Act: Why is it so Important to Understand?
Created in 2017, the STOP Act has established a number of legal requirements for targeted controlled substances that have been implemented gradually over the past few years. The last phase-in started on January 1st, 2020. From now on, electronic transmission for specified restricted substances is required pre-Customs and Border Protection through Advanced Electronic Data (EAD). […]
MDC and Reason Solutions Announce Partnership at Parcel&Post Expo 2022
MyDutyCollect & Reason Solutions have entered into a cooperation agreement that combines the MyDutyCollect Cross-Border Customs, Taxes and Compliance portfolio and Reason Solutions’ technology platform for postal administrations around the world. –READ MORE: Get to Know Our Compliance Solution for the UK– The proposition brings together MyDutyCollect’s Cross-Border Compliance (HS Codes, Landed Cost, Goods Screening, […]
Get to Know Our Compliance Solution for Canada
Known for its vast territorial extension and richness in natural resources, Canada today ranks as one of the greatest economic powers of the first world, mainly due to its strong relations with the neighboring United States. Its very high human development index (HDI), enormous economic openness and having English and French as official languages, brings […]