In today’s internationally competitive marketplace, it is important to understand how import duties can affect your company’s bottom line. Managing Directors, CFOs, and tax managers may be able to reduce a significant portion of their company’s tax obligations through careful analysis of this often overlooked area.
If your company has never conducted a review of your import data, you may not only be missing out on refunds and prospective savings, but may be making errors in the classification or valuation of imported goods, thereby creating a higher duty liability on goods and potential exposure in the event of a Customs audit.
A company’s lack of understanding of the total cost of importing can impact financial and business strategy decisions and have wider consequences for their bottom line.
The first step to identifying savings opportunities is to quantify your company’s actual duty spend.
Contact us to receive a free analysis which will help identify any potential opportunities for duty refunds and savings for your company.
Through duty refund analysis, contract analysis and analysis of import values, we’ve saved companies millions of dollars in both Australia and the U.S.