Trade & Customs Services 

The flow of goods across borders continues to increase as companies expand their network of suppliers and buy and sell goods around the world. Concurrently, global international trade regulations are becoming increasingly complex. If your business engages in trade with other countries, KPMG can help you effectively navigate these regulations on both sides of the border while controlling costs and managing the risks associated with cross-border trade.

To avoid costly delays, hassles, or worse consequences at the border, keeping up on the latest rules and procedures can be critical.

Shipping goods cross-border is not a simple matter, as new bilateral and multilateral trade agreements are making international trade regulations increasingly complex.

In many countries, the trade compliance burden has shifted from customs authorities to importers and exporters, requiring informed and voluntary compliance. Export regulations are often inadvertently revoked. The change from border inspections to in-depth verifications also means importers and exporters must establish adequate internal controls and well-documented compliance procedures.


Compounding all of these issues are security measures put in place to ensure the safe transfer of goods across borders. Fortunately, companies that are aware of and have endorsed new security initiatives not only help protect their products, but also expedite their movement to clients, resulting in fewer delays and better customer service—a key competitive advantage.

Angelos Xilinas

Angelos Xilinas

Partner, Tax, KPMG Canada

604-691-3479

Contact by e-mail

Meeting These Challenges

Working with a global network of international trade and customs professionals, you can address potential risks associated with cross-border shipping and transactions so that your organization can comply with applicable regulations. You should be able to efficiently manage duty and tax liabilities, identify any existing exposures, establish enhanced internal controls and reporting efficiency, and receive well-documented procedures manuals that you can refer to in the future.

The appropriate range of Trade and Customs Compliance and Advisory services covers all types of customs and excise duties, and import and export services. Our team of multidisciplinary professionals can help you:

 

  • Take control of your customs reporting responsibilities by reviewing current systems and implementing automated reporting systems with direct electronic links under the Customs Self-Assessment (CSA) program
  • Develop a global customs compliance strategy that takes into account all of the countries in which you do business
  • Establish control systems to comply with customs laws and regulations, identify opportunities for duty recoveries and/or reductions in future duty payments, and implement cost reductions and increased reporting efficiency.

 

Do you import or export high- or low-risk goods? Are you complying with the new customs and border security regulations? Prepared for a customs audit? You can address these key issues and challenges through our services:


  • Security Programs and Certification Services
  • Free and Secure Trade (FAST) – Canada and the US
  • Partners in Protection (PIP) – Canada
  • Customs-Trade Partnership Against Terrorism (C-TPAT) – US
  • Customs Self-Assessment (CSA) – Canada
  • Advanced Commercial Information (ACI) – Canada.
  • Risk Management Services
  • Multi-Program Verification Initiative Preparation
  • Customs Compliance Manuals
  • Administrative Monetary Penalty Mitigation
  • Duty relief under Orders in Council
  • Advanced Customs Ruling.

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