ComputerWeekly News Taxing times for global sales International traders have always had to overcome a complex array of tariffs and local tax laws.
Speed is essential when quoting a final price to a potential buyer to avoid losing a sale.
The use of Web-based technology track local regulations can enable a company to take into account the visible and hidden costs associated with international buying and selling, such as duties and taxes, insurance and shipping. Calculating the landed cost of importing or exporting has always been the responsibility of export-import managers who are experts on these issues. Now sales or procurement staff need this information. The allocation of an HTS code is a legal requirement and is a highly complex, and crucial, part of the process. The range of tariffs is staggering.