EXIM Taxation/Customs/Excise/Royalties
1WEC is one of the world’s largest globally diversified natural resource / commodities trading companies. We are active at multiple stages of the commodity supply chain and uniquely diversified by geography, product and activity, maximising the value we create for our business and our stakeholders. We have partnered with around 150 mining and metallurgical sites, oil production assets and agricultural facilities in over 150 countries. We recognise that our business activities make a significant contribution to the national and local economies in which we operate. We believe that our presence can deliver long-term sustainable benefits to our host countries. Our activities within our operating countries enable governments to monetise their natural resources. Governments can use the tax , customs, excise and royalty payments we make to provide its citizens with services and infrastructure that improve their quality of life
1WEC follows the ICC Guidelines on Tax Principles which are intended to serve as guidance in the formulation of the tax policies of our multinational businesses and as an indication to revenue authorities of the principles sought by our multinational businesses in their interactions with them.
ICC Customs Guidelines-The International Chamber of Commerce, also referred to as the World Business Organization, prepared a set of 54 Customs Guidelines back in 2003 addressing critical areas related to Customs as an institution as well as a border agency. The guidelines were revised in collaboration with the World Customs Organization (WCO) and published again in the 2012 edition. The 2012 edition contains 57 guidelines that present a comprehensive set of practices that ICC considers should characterize all modern customs administrations.Below is the list of the 54 guidelines:
ICC-Customs-Guidelines-revised-version
- Guidelines 1 and 2 – Strategic Plan
- Guideline 3 – Customs Workforce
- Guideline 4 – Customs Integrity
- Guideline 5 – Customs Employee Identification
- Guideline 6 – Fraud Investigation
- Guideline 7 – Kyoto Convention
- Guideline 8 – Temporary Admission
- Guideline 9 – Advance Entry
- Guideline 10 – Electronic Entries
- Guideline 11 – De Minimis
- Guideline 12 – Use Of Agents
- Guideline 13 – Compulsory Warehousing
- Guideline 14 – Selective Examination
- Guideline 15 – Bonding and Duty Deferral
- Guideline 16 – Reasonable Time Limits
- Guideline 17 – Non-intrusive Inspection
- Guideline 18 – customs Performance Measurement
- Guideline 19 – Post Entry Procedures
- Guideline 20 – Convergence of Official Controls
- Guideline 21 – Working Hours
- Guideline 22 – Statistical Information
- Guideline 23 – Export Documentation
- Guidelines 24 and 25 – Transit Conventions and customs Co-operation
- Guidelines 26 and 27 – Transit Automation and Secure Payment Systems
- Guideline 28 – Publication of Strategic Plan and Regulations
- Guideline 29 – Consultation with Trade
- Guideline 30 – Memoranda of Understanding
- Guideline 31 – Ombudsman and Information Office
- Guideline 32 – Automated Payment
- Guideline 33 – Electronic Filing
- Guideline 34 – Information Technology Standards
- Guideline 35 – Automated Information
- Guideline 36 – Automated Risk Assessment
- Guideline 37 – Data Collection Discipline
- Guideline 38 – Harmonized System
- Guideline 39 – WTO Valuation Agreement
- Guidelines 40, 41, 42 and 43 – Issue of Advance Rulings, customs Experts, Technical Facilities and Publication of Rulings
- Guidelines 44 and 45 – Rules of Origin
- Guideline 46 – customs Offences (Kyoto Annex)
- Guidelines 47 and 48 – Disputes and Appeals
- Guidelines 49 and 50 – WCO Membership and Mutual Assistance
- Guidelines 51, 52, 53 and 54. – Air Passenger Processing
- An excise, or excise tax, is any duty on manufactured goods that is levied at the moment of manufacture rather than at sale.
- Excises are often associated with customs duties (which are levied on pre-existing goods when they cross a designated border in a specific direction); customs are levied on goods that come into existence – as taxable items – at the border, while excise is levied on goods that came into existence inland.
- A right to use the intellectual property right of another person would be classified as a royalty.
- Tax rules apply to where the property is used.
- Industrial Royalties — includes royalties for the use of, or the right to use, patents, trademarks, secret processes and formulas, goodwill, franchises, “know-how,” and similar rights.
- It also may include rents for the use or lease of personal property.
- We group countries into the following business regions:
- EMEA (Europe, the Middle East and Africa),
- NA (North America),
- LATAM (Latin America)
- APAC (Asia-Pacific).
- To confirm the categorization of a specific country, simply refer to the list below.
Country code | Country | Region |
ad | Andorra | EMEA |
ae | United Arab Emirates | EMEA |
af | Afghanistan | EMEA |
ag | Antigua and Barbuda | LATAM |
ai | Anguilla | LATAM |
al | Albania | EMEA |
am | Armenia | EMEA |
ao | Angola | EMEA |
aq | Antarctica | EMEA |
ar | Argentina | LATAM |
as | American Samoa | APAC |
at | Austria | EMEA |
au | Australia | APAC |
aw | Aruba | LATAM |
ax | Åland Islands | EMEA |
az | Azerbaijan | EMEA |
ba | Bosnia and Herzegovina | EMEA |
bb | Barbados | LATAM |
bd | Bangladesh | APAC |
be | Belgium | EMEA |
bf | Burkina Faso | EMEA |
bg | Bulgaria | EMEA |
bh | Bahrain | EMEA |
bi | Burundi | EMEA |
bj | Benin | EMEA |
bl | Saint Barthélemy | EMEA |
bm | Bermuda | LATAM |
bn | Brunei Darussalam | APAC |
bo | Bolivia, Plurinational State of | LATAM |
br | Brazil | LATAM |
bs | Bahamas | LATAM |
bt | Bhutan | APAC |
bv | Bouvet Island | EMEA |
bw | Botswana | EMEA |
by | Belarus | EMEA |
bz | Belize | LATAM |
ca | Canada | NA |
cc | Cocos (Keeling) Islands | APAC |
cd | Congo, the Democratic Republic of the | EMEA |
cf | Central African Republic | EMEA |
cg | Congo | EMEA |
ch | Switzerland | EMEA |
ci | Côte d’Ivoire | EMEA |
ck | Cook Islands | EMEA |
cl | Chile | LATAM |
cm | Cameroon | EMEA |
cn | China | APAC |
co | Colombia | LATAM |
cr | Costa Rica | LATAM |
cu | Cuba | LATAM |
cv | Cabo Verde | EMEA |
cw | Curaçao | EMEA |
cx | Christmas Island | APAC |
cy | Cyprus | EMEA |
cz | Czechia | EMEA |
de | Germany | EMEA |
dj | Djibouti | EMEA |
dk | Denmark | EMEA |
dm | Dominica | LATAM |
do | Dominican Republic | LATAM |
dz | Algeria | EMEA |
ec | Ecuador | LATAM |
ee | Estonia | EMEA |
eg | Egypt | EMEA |
eh | Western Sahara | EMEA |
er | Eritrea | EMEA |
es | Spain | EMEA |
et | Ethiopia | EMEA |
fi | Finland | EMEA |
fj | Fiji | APAC |
fk | Falkland Islands (Malvinas) | LATAM |
fm | Micronesia, Federated States of | APAC |
fo | Faroe Islands | EMEA |
fr | France | EMEA |
ga | Gabon | EMEA |
gb | United Kingdom of Great Britain and Northern Island | EMEA |
gd | Grenada | LATAM |
ge | Georgia | EMEA |
gf | French Guiana | EMEA |
gg | Guernsey | EMEA |
gh | Ghana | EMEA |
gi | Gibralta | EMEA |
gl | Greenland | EMEA |
gm | Gambia | EMEA |
gn | Guinea | EMEA |
gp | Guadeloupe | EMEA |
gq | Equatorial Guinea | EMEA |
gr | Greece | EMEA |
gs | South Georgia and the South Sandwich Islands | LATAM |
gt | Guatemala | LATAM |
gu | Guam | APAC |
gw | Guinea-Bissau | EMEA |
gy | Guyana | LATAM |
hk | Hong Kong | APAC |
hm | Heard Island and McDonald Islands | EMEA |
hn | Honduras | LATAM |
hr | Croatia | EMEA |
ht | Haiti | LATAM |
hu | Hungary | EMEA |
id | Indonesia | APAC |
ie | Ireland | EMEA |
il | Israel | EMEA |
im | Isle of Man | EMEA |
in | India | APAC |
io | British Indian Ocean Territory | APAC |
iq | Iraq | EMEA |
ir | Iran, Islamic Republic of | EMEA |
is | Iceland | EMEA |
it | Italy | EMEA |
je | Jersey | EMEA |
jm | Jamaica | LATAM |
jo | Jordan | EMEA |
jp | Japan | APAC |
ke | Kenya | EMEA |
kg | Kyrgyzstan | EMEA |
kh | Cambodia | APAC |
ki | Kiribati | APAC |
km | Comoros | EMEA |
kn | Saint Kitts and Nevis | LATAM |
kp | Korea, Democratic People’s Republic of | APAC |
kr | Korea, Republic of | APAC |
kw | Kuwait | EMEA |
ky | Cayman Islands | LATAM |
kz | Kazakhstan | EMEA |
la | Lao People’s Democratic Republic | APAC |
lb | Lebanon | EMEA |
lc | Saint Lucia | LATAM |
li | Liechtenstein | EMEA |
lk | Sri Lanka | APAC |
lr | Liberia | EMEA |
ls | Lesotho | EMEA |
lt | Lithuania | EMEA |
lu | Luxembourg | EMEA |
lv | Latvia | EMEA |
ly | Libya | EMEA |
ma | Morocco | EMEA |
mc | Monaco | EMEA |
md | Moldova, Republic of | EMEA |
me | Montenegro | EMEA |
mf | Collectivity of Saint Martin | EMEA |
mg | Madagascar | EMEA |
mh | Marshall Islands | APAC |
mk | Macedonia, the former Yugoslav Republic of | EMEA |
ml | Mali | EMEA |
mm | Myanmar | APAC |
mn | Mongolia | APAC |
mo | Macao | APAC |
mp | Northern Mariana Islands | APAC |
mq | Martinique | EMEA |
mr | Mauritania | EMEA |
ms | Montserrat | LATAM |
mt | Malta | EMEA |
mu | Mauritius | EMEA |
mv | Maldives | APAC |
mw | Malawi | EMEA |
mx | Mexico | LATAM |
my | Malaysia | APAC |
mz | Mozambique | EMEA |
na | Namibia | EMEA |
nc | New Caledonia | EMEA |
ne | Niger | EMEA |
nf | Norfolk Island | APAC |
ng | Nigeria | EMEA |
ni | Nicaragua | LATAM |
nl | Netherlands | EMEA |
no | Norway | EMEA |
np | Nepal | APAC |
nr | Nauru | APAC |
nu | Niue | APAC |
nz | New Zealand | APAC |
om | Oman | EMEA |
pa | Panama | LATAM |
pe | Peru | LATAM |
pf | French Polynesia | EMEA |
pg | Papua New Guinea | APAC |
ph | Philippines | APAC |
pk | Pakistan | APAC |
pl | Poland | EMEA |
pm | Saint Pierre and Miquelon | EMEA |
pn | Pitcairn | APAC |
pr | Puerto Rico | LATAM |
ps | Palestine, State of | EMEA |
pt | Portugal | EMEA |
pw | Palau | APAC |
py | Paraguay | LATAM |
qa | Qatar | EMEA |
re | Réunion | EMEA |
ro | Romania | EMEA |
rs | Serbia | EMEA |
ru | Russian Federation | EMEA |
rw | Rwanda | EMEA |
sa | Saudi Arabia | EMEA |
sb | Solomon Islands | APAC |
sc | Seychelles | EMEA |
sd | Sudan | EMEA |
se | Sweden | EMEA |
sg | Singapore | APAC |
sh | Saint Helena, Ascension and Tristan da Cunha | EMEA |
si | Slovenia | EMEA |
sk | Slovakia | EMEA |
sl | Sierra Leone | EMEA |
sm | San Marino | EMEA |
sn | Senegal | EMEA |
so | Somalia | EMEA |
sr | Suriname | LATAM |
ss | South Sudan | EMEA |
st | Sao Tome and Principe | EMEA |
sv | El Salvador | LATAM |
sx | Sint Maarten | EMEA |
sy | Syrian Arab Republic | EMEA |
sz | Swaziland | EMEA |
tc | Turks and Caicos Islands | LATAM |
td | Chad | EMEA |
tf | French Southern Territories | EMEA |
tg | Togo | EMEA |
th | Thailand | APAC |
tj | Tajikistan | EMEA |
tk | Tokelau | APAC |
tl | Timor-Leste | APAC |
tm | Turkmenistan | EMEA |
tn | Tunisia | EMEA |
to | Tonga | APAC |
tr | Turkey | EMEA |
tt | Trinidad and Tobago | LATAM |
tv | Tuvalu | APAC |
tw | Taiwan, Province of China | APAC |
tz | Tanzania, United Republic of | EMEA |
ua | Ukraine | EMEA |
ug | Uganda | EMEA |
um | United States Minor Outlying Islands | APAC |
us | United States of America | NA |
uy | Uruguay | LATAM |
uz | Uzbekistan | EMEA |
va | Holy See | EMEA |
vc | Saint Vincent and the Grenadines | LATAM |
ve | Venezuela, Bolivarian Republic of | LATAM |
vg | Virgin Islands, British | LATAM |
vi | Virgin Islands, U.S. | LATAM |
vn | Vietnam | APAC |
vu | Vanuatu | APAC |
wf | Wallis and Futuna | EMEA |
ws | Samoa | APAC |
ye | Yemen | EMEA |
yt | Mayotte | EMEA |
za | South Africa | EMEA |
zm | Zambia | EMEA |
zw | Zimbabwe | EMEA |
NA Guidelines
EMEA Guidelines
LATAM Guidelines