Understanding the Impact of Incoterms on Import Tax Compliance
What Are Incoterms?

Incoterms, or International Commercial Terms, are globally recognized rules published by the International Chamber of Commerce. They define the responsibilities of buyers and sellers in international transactions, specifically regarding the shipment of goods. Common terms include:

• FOB (Free on Board)
• CIF (Cost, Insurance, and Freight)
• DDP (Delivered

…