Worldwide Duty and Tax Solutions from FedEx
FedEx provides worldwide duty and tax solutions for international shipments and planning your international strategy. You need ready access to worldwide duty and tax information for many reasons: from preparing international shipments to planning an international strategy, and everything in between. FedEx has created two distinct solutions to meet your duty and tax needs.
Solution #1: FedEx® Global Trade Manager: Obtaining a shipment's estimated total landed cost
FedEx Global Trade Manager helps international shippers determine the total landed cost of their shipments by providing an estimate of duties and taxes based on the Harmonized System (HS) code, and then adding the shipper's transportation and insurance costs. The free Estimate Duties and Taxes tool, found on fedex.com, is available for more than 55 countries. Here are two typical ways you would use the Estimate Duties and Taxes tool:
Example 1: If you're a retailer, you may have a customer overseas, and you want to avoid a return caused by his or her being surprised by the duties and taxes. Using FedEx Global Trade Manager, you could estimate the duties and taxes, and communicate, as well as pre-bill, a total landed cost to your customers.
Example 2: Set profitable price points. Selling internationally means you need to understand all your costs, including duties and taxes, to ensure adequate profit margins.
Solution #2: WorldTariff® : Planning an international strategy
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Example 2: A global logistics department creates a product matrix. Users can take a list of products, and origin and destination countries, and determine the correct classification and duty and tax amounts for each product into each country.
Example 3: Tariff engineering. Careful analysis of product content and manufacturing processes can yield significant savings in customs duties and taxes. WorldTariff can be used as a tool to help analyze the optimal tariff classification for each destination country. The duties and taxes tools on FedEx Global Trade Manager and WorldTariff are just two ways FedEx strives to make international trade simpler for you. To learn about other international tools and support from FedEx Global Trade Manager, go to fedex.com. To learn more about the recently redesigned WorldTariff web site and to view an online demo, go to worldtariff.com. WorldTariff’s online duty and tax information is a service of FedEx Trade Networks Trade Services, Inc., a company operating independently of FedEx Express. Online query charges will be billed directly by WorldTariff® to the international credit card provided by you during registration for WorldTariff online.
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