VATupdate

Share this post on

Government of Canada announces withdrawal of Most-Favored-Nation tariff benefit on goods originating in Russia and Belarus

Effective October 8, the Most-Favored-Nation Tariff Withdrawal Order (2022-2)1 (the Withdrawal Order) was established to withdraw the entitlement to the Most-Favored Nation (MFN) tariff for goods that originate in Russia and in Belarus. On October 12, the Canada Border Services Agency (CBSA) published Customs Notice 22-20, Withdrawal of benefit of the Most-Favored-Nation Tariff in respect of goods that originate in Belarus and goods that originate in Russia, announcing the details of the Withdrawal Order. The Withdrawal Order of October 2022 introduces an exemption to the MFN tariff withdrawal for goods of tariff item No. 2844.43.00 and specifies on what regulatory basis goods are determined to originate from Russia or Belarus.

Source EY

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner