Customs duty management software from Thomson Reuters

For companies dealing in international trade, compliance is only one piece of the puzzle. Although the importance of compliance cannot be understated, best-in-class companies are now shifting focus to become more proactive and tax-efficient in their duty management. With ONESOURCE Global Duty Optimization, you can leverage a network of duty suspension programs to achieve cost savings and generate ROI. Our duty management software supports various savings opportunities worldwide – including free trade agreements, US foreign-trade zones, IMMEX/maquiladoras, EU customs regimes, and China processing trade regimes.

Features

• **Free trade agreements: **Reduce or eliminate duties by qualifying goods under FTA-specific rules.
• **Foreign-trade zones: **Defer duty payments and streamline entry procedures with a US FTZ.
• **IMMEX/maquiladoras: **Defer duty and VAT payments by operating a maquiladora in Mexico.
• **EU customs regimes: **Manage special procedures such as customs warehousing, inward processing, outward processing, and more.
• **China processing trade regimes: **Perform all reconciliation processes needed for Chinese Customs and achieve PTR savings.