News

Why do smaller companies pay more to ship?

The World Trade Organisation says that cross-border trade is more difficult and costly for SMEs – companies with fewer than 250 employees – than it is for larger companies. But why?

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Beauty adopting fashion supply chains

By shortening their production cycles ‘fast beauty’ brands can get products to market quicker than ever.

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BIFA Finalist

MIQ Logistics finalist in BIFA Freight Services Awards

MIQ Logistics has been selected as a finalist in the Supply Chain Management category of the British International Freight Association (BIFA) Freight Services Awards for 2014.

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Plane

China Broadens VAT Exemption for International Freight Forwarding Services

China’s State Administration of Taxation (SAT) issued guidance  (Bulletin 42) that extends VAT-exempt treatment to all international freight forwarding services. The new rules went into effect on September 1, 2014.

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China Revises the Recently Implemented Value Added Tax (VAT) Measures

Exempt International Transportation

The China Ministry of Finance (MOF) and the State Administration of Taxation (SAT) have jointly agreed to exempt international transportation from their recently implemented VAT regulations. The revised tax treatment is retroactive to August 1, 2013 when the nationwide regulations first came into effect. A joint circular (Caishui 2013 No 106) has been issued by the MOF and SAT explaining the exemption.

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New Tax on International Transportation Charges and Services Payable in China

The China Ministry of Finance (MOF) and State Administration of Taxation (SAT) issued a circular (Caishui [2013] No. 37, (“Circular 37”)) on May 24, 2013, announcing the expansion of the Value-Added Tax (VAT) Reform Pilot on a nationwide basis.  Certain revisions to the pilot regulations in this nationwide application of the VAT program will result in a 6% VAT charge assessed on transportation charges and freight forwarding services billed and paid in China.

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MIQ Logistics nominated as a finalist in the eyefortransport 3PL Awards in the “Best 3PL for Retail Supply Chains” category

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Hong Kong Port Workers End 40-Day Strike

The Wall Street Journal

Hong Kong port workers accepted on Monday a 9.8% pay rise—ending their strike and averting further disruption at the world’s third-busiest container port.

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