PwC Switzerland
Tax Disruption and International Trade Whitepaper
Pages
32
Time to read
46 mins
Publication
Language
English
Pages
32
Time to read
46 mins
Publication
Language
English
This whitepaper discusses the digital transformation of customs authorities in response to evolving international trade dynamics. It outlines how traditional customs processes are being redefined through the adoption of disruptive technologies, such as real-time auditing and automated data reconciliation. The document emphasizes the shift from a transaction-based approach to a systems-based approach, highlighting the need for businesses to justify their products' non-inspection at borders. The whitepaper details the factors driving this transformation, including the increasing volume of international trade, the digitalization and parcelization of trade, and the complexity of international trade regulations. It also presents the benefits of digitalization for businesses, such as enhanced transparency and efficiency. Furthermore, the whitepaper provides guidance for businesses on upgrading digital skills, integrating customs functions with other processes, and implementing new technologies to adapt to these changes. The document is structured into several parts, each addressing different aspects of customs digitalization and its implications for businesses.