Update on Customs Issues & Laws Webinar (1 Hour)


Cross-border tax planning entered a new phase with the introduction of the BEPS Action Plan, and the enactment of the Tax Cuts & Jobs Act.  Old plans are now ineffective, and must be revised to address recent Customs issues. This insightful webinar will give you a comprehensive update on:

  • Legal responsibilities and Customs
  • Customs and transfer pricing
  • Appraisement and valuation
  • Royalties and license fees

    …and more


To provide accountants and tax professionals with an in-depth examination of legislation changes in international taxation related to Customs laws and issues.

  • Legal responsibility for Customs
    – “Reasonable Care” requirements
    – CBP emphasis on informed compliance and share responsibility
    – Enforcement capabilities
       – Audits
       – Civil penalties
       – Liquidated damages
       – Seizures
       – Forfeitures
       – Criminal sanctions        
  • Tests for Acceptability of Transaction Value Between Related Parties
  • Bases of appraisement
  • Transaction value
  • Price actually paid or payable
  • Multi-tiered transactions (first sale for export)
  • Selling commissions
  • Value and apportionment of assists
  • Royalties/license fees related to imports
  • Proceeds
  • Tests for acceptability of transaction value between related parties  
  • Customs and transfer pricing
  • Related party Customs valuation
  • Relationship of Customs valuation to IRS transfer pricing
  • Trump tariffs

Basic knowledge of federal taxation and some level of international taxation.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: