Coronavirus Update - August 4

Posted on August 04, 2020. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.The lockdown of containment zones in India has been extended until August 31 and only essential activities are permitted. Areas outside of the containment zones are permitting all activities except in-person schooling, cinema halls, swimming pools, bars, auditoriums, metro rail and sporting events. International passenger travel is also not permitted, except when allowed by the Ministry of Home Affairs (MHA). ...

Read More

Upcoming Sales Tax Holidays 2020

Posted on July 28, 2020. Category: Tax Publications

Sales tax holidays or tax-free weekends is a time that many consumers look forward to each year. Typically, these holidays will correspond with the start of the new school year. During this time, some states will remove the sales tax requirement from the purchase of items usually used in the upcoming school year. These purchases can include clothing, footwear, personal computers, and school supplies. Some states may also provide exemptions on additional items such as bedding or emergency preparedness items.Each state will publish specific rules and regulations for qualifying items. It is important for taxpayers and consumers to be...

Read More

Coronavirus Update - July 28

Posted on July 28, 2020. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions. A surge of COVID-19 cases in Hong Kong has caused a ban on gatherings of more than two people, a total ban on restaurant dining, and a mandate to wear a face mask in all public places. The aforementioned policies will take effect on Wednesday, July 29, and remain in place for a minimum of 7 days.Global Air Updates...

Read More

Coronavirus Update - July 21

Posted on July 21, 2020. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.After six months, we continue to be in a global pandemic but see many areas returning to a new normal. We will remain vigilant in all of our offices and operations and closely monitor developments globally.Global Air UpdatesArgentina and Colombia have banned all international passenger travel until September 2020. Overall air freight capacity remains 26% below pre-COVID levels. United...

Read More

Coronavirus Update - July 14

Posted on July 14, 2020. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.Due to continued spikes in COVID-19 infections, several US states have halted or reversed their reopening plans. In addition, many states are implementing a 14-day quarantine on people who travel from a heavily infected state. The increase in virus infections is not only affecting the United States. Brazil and India also continue to see increases and beginning this week,...

Read More

USMCA Does Not Allow for MPF Refunds

Posted on July 14, 2020. Category: Trade Publications

The new USMCA went into effect on July 1, 2020. The new agreement contains one departure from NAFTA that may directly impact importers’ savings. A significant difference between NAFTA and the new USMCA agreement is that, unlike NAFTA, USMCA will not allow for refunds of the Merchandise Processing Fee. While MPF can be excluded at the time of import, under USMCA, MPF cannot be refunded post entry.MPF is the Merchandise Processing Fee. Formal entries require payment of MPF at a rate of .3464% of the entered value (with a minimum of $26.79 and a maximum of $519.76).  In the past, importers could...

Read More

NAFTA 2.0 - Provisions and Effects of the United States-Mexico-Canada Agreement

Posted on July 09, 2020. Category: Logistics Publications, Trade Publications

On July 1st, the new United States-Mexico-Canada Agreement (USMCA) went into effect. Also known as the Canada-United States-Mexico Agreement (CUSMA) and the Tratado entre México, Estados Unidos y Canadá (T-MEC) in Canada and Mexico respectively, this free trade agreement was designed to replace the 26-year-old NAFTA. Rather than completely restructuring the previous NAFTA, the USMCA is primarily a renegotiation of the original agreement intended to benefit each participating country. In addition to renegotiated terms, the USMCA also includes new stipulations on labor rights, environmental standards, intellectual property, and digital trade.Some of the significant provisions outlined in...

Read More

Coronavirus: Impact on the Transportation and Logistics Industry

Posted on July 08, 2020. Category: Logistics Publications, Trade Publications, Coronavirus Updates

Bigstock-transport-engineer-man-wearing-367903708 (1) The transportation and logistics industry performs one of the most vital services of the modern globalized and interconnected world. Since the beginning of 2020, many countries worldwide shut down their borders and limited transportation and travel to contain the Coronavirus outbreak. This pandemic affects almost every dimension of economic activity and individuals globally; consequently, essential supply chains in the logistics and transportation industry are hampered, though differently across air, freight, and sea sectors. As of February 13, 2020, over 350,000 cancellations were registered in global container shipping traffic since the coronavirus outbreak's beginning became apparent in January 2020. Over 151,000 boxes were...

Read More

Post-Wayfair Need for Exemption Certificates

Posted on July 08, 2020. Category: Tax Publications

 On June 21, 2018, the US Supreme Court provided a landmark decision that changed the dynamic of sales tax and has since created a domino effect on taxpayers and businesses throughout the US. Not only has the definition of nexus expanded from the prior physical nexus to now include economic nexus, factors such as number of transactions and/or dollars of sales for a given time period to customers of a state, but also has the sales tax collection implication grown for existing taxpayers and now potentially new taxpayers not to mention marketplace facilitators.With such drastic changes to the sales...

Read More

Coronavirus Update - July 7

Posted on July 07, 2020. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.Many countries are seeing a second wave of COVID-19 infections, which is causing reinstatement of safety measures and halting of reopening plans. Most notably, Australia reinstated lockdown measures in Melbourne for 6-weeks. It is important to continue securing your transport needs as soon as possible, including confirmation from your carriers.Global Air UpdatesThe Australia Government is injecting $166.4 million...

Read More