Canada-US Border – Guidance on Transfer Pricing and Customs
Transfer pricing refers to the pricing of transactions between related parties within multinational companies and ensures that these prices reflect market conditions and are not affected by the relationship between the parties. Incorrect transfer pricing and customs valuations, including when importing goods across the Canadian and U.S. borders, can have significant financial consequences, so it is critical that organizations understand and apply the arm's length principle.in this episode focusBaker McKenzie's Julia Webster, Chris Raybould and Patrick de Laperouse look at the key steps organizations can take to achieve compliance, including reviewing policies, updating stated values and consulting experts. This conversation provides important insights for finance, tax and legal professionals, as well as supply chain executives. Click on the image below to watch the video chat.
Saudi Arabia updates data transfer regulations and
brief On September 1, 2024, the Saudi Data and Artificial Intelligence Authority (SDAIA) issued the Regulation on Transfer of Personal Data Outside Saudi Arabia (“Data transfer regulations”), which amends the transfer regulations under the Personal Data Protection Law, previously promulgated by Royal Decree No. (M/19) dated 9/2/1443 AH and amended by Royal Decree No. (M/148) dated 5/9/1444 AH (“Human papillomavirus“). SDAIA also published additional information on standard contractual clauses and binding common rules, two appropriate safeguards for data transfers outside of Saudi Arabia, as well as a number of rules and guidelines related to the PDPL. Our preliminary conclusions are summarized below. Provisions on the transfer of personal data abroad On September 1, 2024, SDAIA issued the Data Transfer Regulations, which revised the previous Data Transfer Regulations. Regarding the Data Transfer Regulations, several key points to note are as follows: The data transfer regulations contain similar concepts regarding appropriate jurisdiction and transfer purposes as set out in previous versions. If…
The U.S. Department of Commerce’s Bureau of Industry and Security issued new guidance to combat Russian money transfer risks and
Recently, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) released New guidance Provide further assistance to exporters and the U.S. Department of Commerce’s Bureau of Industry and Security to combat third-party transfers to Russia. Specifically, BIS’s recent guidance outlines the various mechanisms it uses—in addition to its usual public screening lists (IE, The Unverified List, Entity List, Military End-User List, and Denied Persons List) — notify companies and universities of parties that present a risk of transfer to Russia. According to BIS, it has obtained information supporting the notifications described below from a variety of sources, including information from the export community, government data, news reports, and other open-source resources. Specific mechanisms BIS uses to prevent exporters from unknowingly exporting items to relevant parties include: 1. "Supplier List" Letter Identify parties that present diversion risks and are not on the public screening lists but have been determined by BIS to be exporting or facilitating transactions to destinations…
‘New’ best practice guidance for addressing transfer risk
By Shawna Karajic, Export Solutions Inc. In July of this year, the U.S. Bureau of Industry and Security (BIS) recently issued guidance on addressing export diversion risk. (Diversion risk refers to the possibility that items, technology, or services could be redirected or transferred to unauthorized end users or end uses, which could violate export control laws and regulations). The guidance outlines various actions BIS takes to notify industry of entities that present a diversion risk, beyond those identified on public screening lists such as the Entity List. It includes mechanisms such as “supplier list” letters, program guardian requests, red flag letters, and “as-made-known” letters. These tools help industry more effectively screen their customers and transactions to protect U.S. national security by identifying entities that may be diverting export-controlled items to restricted end-uses/users and countries of concern such as Russia. Additionally, BIS recommends that exporters of Common High Priority List (CHPL) items use the Trade Integrity Program (TIP) online resource for…
The U.S. Department of Commerce’s Bureau of Industry and Security issued new guidance to combat Russian money transfer risks and
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) recently issued new guidance to exporters designed to further assist BIS in combating third-party transfers to Russia. Specifically, BIS’s recent guidance outlines the various mechanisms it uses—in addition to its usual public screening lists (IE, The Unverified List, Entity List, Military End-User List, and Denied Persons List) — notify companies and universities of parties that present a risk of transfer to Russia. According to BIS, it has obtained information supporting the notifications described below from a variety of sources, including information from the export community, government data, news reports, and other open-source resources. Specific mechanisms BIS uses to prevent exporters from unknowingly exporting items to relevant parties include: "Supplier List" Letter Identify parties that present diversion risks and are not on the public screening lists but have been determined by BIS to be exporting or facilitating transactions to destinations or end-users of concern. BIS may send “suppliers list” letters…
Yunfu Industrial Transfer Industrial Park
Exhibition room: 50 meters west of Provincial Highway 279, Yunan County, Yunfu City, Guangdong Province View mapSite area: 80,000 square meters Country region: Guangdong, China The office address of Guangdong Foshan (Yunfu) Industrial Transfer Industrial Park Investment and Development Co., Ltd. is located in Yunfu, the kingdom of stone and the hometown of sugar, sugar and oranges. The administration was established with a registered capital of RMB. 1,000,000,000. We always provide customers with good products, technical support and strong after-sales service. Our company is mainly engaged in the development and operation of land and real estate; state-owned assets; property leasing and management; general cargo warehousing investment; business management consulting services; automobile production line equipment purchase and sale. Exhibition Calendar all October 2024 November 2024 December 2024 January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 SO next year
NYC Car Seat Laws | What are New York Child Transfer Laws
Keeping your child safe while on the road is critical, and understanding New York City's car seat laws is vital for every parent and caregiver. These laws cover the broader New York State child safety seat requirements and are designed to protect young passengers. New York State law requires children under the age of 8 to use age-appropriate child restraint systems, such as child safety seats, booster seats, and convertible child safety seats, to ensure they are properly restrained during their ride in a vehicle. Child seat laws state that infants must use a rear-facing car seat until their weight and height exceed the limits set by the car seat manufacturer. As your child grows, they transition to a forward-facing car seat and then to a booster seat. Booster seat regulations require that booster seats be used until a child is 8 years old or 4 feet 9 inches tall, ensuring the seat belt is worn properly with the lap…
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