Customs and Global Trade
Effective management of global trade decisions and obligations is of strategic significance to a company’s global supply chain. Deloitte has a market leading, worldwide network of Customs and Global Trade specialists experienced in global trade strategy, automation, export controls, and import/export compliance. Our professionals assist and provide advice planning structuring global transactions to reduce customs duty payments and other international trade costs, increase duty recoveries and more.
Deloitte’s market leading export control practice is a multidisciplinary, multilingual team of consultants, ex-government officials, and industry specialists, combining years of experience in global export controls. Our professionals are experienced in US export controls and extraterritorial restrictions, as well as local and regional export regulations. Deloitte has a strong reputation for its knowledge in encryption controls and leads international thought-leadership activities in this field. Our export control team works with clients to review current compliance processes, conduct large scale, multi-country classification projects, provide training, develop or enhance existing compliance programs, and implement automated solutions to support internal controls. Our team’s specialization includes both dual-use and military controls.
Automating Global Trade
Most business units within today’s multinational companies are keenly focused on cost reduction, process efficiency, and exploring cash savings opportunities. No group is exempt, including the trade group. If your company faces challenges to changing, or even assessing, your trade automation situation, think about how much easier it might be with the help of a professional service provider that combines world-class systems consulting and specialized global trade and tax knowledge.
Deloitte’s CGT Trade Diagnostic can be the platform for change that helps you analyze cost savings opportunities and makes your trade processes and resources more efficient. In collaboration with your trade team, the Deloitte Customs and Global Trade practice can help assess your supply chain efficiency and help you evaluate your company’s overall competitive position.
Trade Compliance and Controversy Services
Companies are facing an increasing number of compliance requirements imposed by the countries in which they operate, as well as more rigorous enforcement by tax authorities. Deloitte offers efficient, cost-effective Customs and Global Trade compliance services including co-sourcing and outsourcing options. We help companies manage risk and provide more timely and transparent reporting through the application of technology based solutions. This approach improves data management and determines data integrity and accuracy. When controversies arise Deloitte provides audit assistance, representation, and litigation before authorities, advisory opinions, and reports.
Deloitte’s Customs & Global Trade team includes individuals with backgrounds as lawyers, accountants, auditors, customs brokers, economists, former government officials, and industry specialists. We advise companies on both fiscal and non-fiscal regulations to help them avoid additional duties, taxes, and penalties related to non-compliance, as well as consequences like complete import or export stops (e.g., REACH (Registration, Evaluation, Authorization and Restriction of Chemicals), Customs-Trade Partnership Against Terrorism, Authorized Economic Operator and others). Deloitte professionals help companies with a variety of Customs & Global Trade related needs such as post-merger integration by tracking duty risks and tax planning opportunities and in helping to reconcile and determine consistent support for what is an “arm’s length” or “fair” value for both customs and transfer pricing purposes.
Business Model Optimization
Companies are looking for a sustainable competitive edge. Deloitte’s Business Model Optimization (BMO) professionals work as part of an integrated team consisting of Consulting, Enterprise Risk and Tax specialists. We focus on removing avoidable costs from global trade transactions while addressing compliance with the myriad of trade regulations around the world. Deloitte’s approach to enhancing business models and supply chains considers both import and export requirements, which helps companies to avoid incremental duty/trade costs and/or supply chain interruption. It also affords companies an opportunity to enhance their Customs and Global Trade processes and to gain a sustainable competitive edge through increased efficiency.
Tax Management Consulting (TMC)
Deloitte provides companies and public bodies with support and advice on global trade technology solutions for Tax accounting and reporting. We deliver tailored solutions to clients through centrally led, global teams that consist of Information Technology consultants, with backgrounds as economists, former government officials, lawyers and industry specialists. We assist businesses with vendor selection to assess and identify recommended solutions; blueprinting of Customs and Global Trade processes; functional and technical executions; integration of the trade solutions with various ERP systems (SAP, Oracle, AS400, and others); and post launch application support.