2020 has brought with it a serious problem in the form of COVID-19, commonly known as coronavirus disease, which has damaged the economies around the world. The virus has killed more than 60,000 people so far and it is still spreading rapidly in the different countries of the world. The coronavirus has affected the economy…
The US Constitution allows Congress to monitor and tax global imports and exports, and the United States has traditionally relied on an efficient customs system and careful regulation of imported goods to generate revenue for the country. If you want to run a business that requires trading internationally, it is important to know how to…
In 2019, the total US imports and exports were $5.6 billion, which was $3.1 trillion in imports and $2.5 trillion in exports of services and goods. The US imports more than it exports to other countries. US has major trade partnerships with many countries like Europe, China, Canada, UK, Japan, Germany, Mexico, South Korea, Vietnam,…
Tax collection is very important to run the economy of the country that’s why every business needs to have a sales tax registration number. You cannot file a sales tax return if you don’t have a sales tax registration certificate. You can register the sales tax number with the FBR (Federal Board of Revenue). After the…
To file GD in WeBOC account is compulsory in the import export business. WeBOC is a great platform provided by the FBR to facilitate traders, agents, and customs officers. WeBOC has made the GD filling process fast and simple, and the container tracking very easy. The manual method of filling GD is no longer working.…