Insights

This article explains why TP adjustments matter for VAT and customs, explores the latest legal and practical developments, and outlines steps you can take to mitigate risk.

On 2 April, proclaimed “Liberation Day” by President Donald Trump, the United States announced a sweeping package of new tariffs on imported goods. These “reciprocal tariffs” are designed to counter what are seen as unfair duties imposed by other countries.

The Organization for Economic Cooperation and Development (OECD) released its report on Amount B of Pillar One. This guidance entails a simplified and streamlined application of the arm’s length principle for routine marketing and sales activities.