The government of China recently announced a new value added tax (VAT). Beginning August 1, a 6% VAT will be levied on top of every local charge in China. This charge will be assessed in local currency on that portion of the freight invoice paid in China. Outbound shipments under prepaid terms and inbound shipments…
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We’ve all heard of identity theft, and the first thought that comes to mind is having our personal identity stolen. Yet, there are other kinds of identity theft. Many do not realize that corporate identity theft is an issue on the rise. In particular, reputable importers, who are well known to the public, are having…
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