Articles under "#Revenue Package" category

More WCO tools to assist revenue collection to be launched soon

The WCO’s Revenue Package (RP) is nearing the completion of its third phase, which will see the launch in June 2018 of a number of new tools and material for Customs administrations.

The motto of the RP is “fair and efficient revenue collection,” the objective being to strengthen the...

An understanding of trade facilitation measures is also a key consideration. Facilitating the trade of compliant businesses is in fact compatible with the goal of effective revenue collection. By using risk management techniques to determine the compliance levels of individual businesses, Customs...

Update on the WCO Revenue Package

New tools have recently been developed as part of the WCO’s Revenue Package, which collates all material relevant to improving revenue collection and compliance levels.

Tariff and Trade Affairs

The WCO continued to assist its Members in implementing the Revenue Package, which provides guidance and best practices for improving the efficiency and effectiveness of revenue collection, as well ...

The WCO continued to carry out its work on the uniform application of the Harmonized System (HS), with the adoption of numerous classification decisions and intensified capacity building ef...

Capacity building activities included the organization of eight training workshops:

• In Sri Lanka, WCO Secretariat staff partnered with the WTO to deliver presentations related to the operational aspect...

Addressing the misuse of Customs valuation databases

Just two years ago, economists widely predicted that global trade flows would grow by 7% in 2015. The reality – as shown by new World Bank data released just a few weeks ago – is that they barely grew at all, with several countries seeing sizable drops in trade over the past 12 months.