Import-export data plays a key role in the operations of every business, especially in the context of globalization and the complexity of international trade regulations. Controlling this data not only helps businesses optimize business efficiency but also ensures compliance with strict legal regulations.
So why is controlling import and export data so important? Below are the essential reasons that businesses, especially FDI enterprises, need to pay attention to this process.
Compliance with legal regulations: FDI enterprises must comply with both the host country’s regulations and relevant international treaties. Controlling import and export data helps ensure businesses comply with customs regulations, taxes and other financial obligations, avoiding fines or serious legal problems.
Ensuring transparency and accuracy in reporting: FDI enterprises often have to report transparent financial and settlement reports to both domestic management agencies and foreign investors. Errors in import and export data can affect a business’s reputation and lead to serious financial and legal consequences.
Managing and protecting investment capital: Controlling import and export data helps FDI enterprises effectively manage capital and goods flows, ensuring that investment capital is used properly and not wasted. This is especially important when businesses are responsible to foreign investors.
Optimizing the supply chain: For FDI enterprises, importing and exporting raw materials and products is an important part of business activities. Tight data control helps them better monitor and manage the supply chain, optimize production processes and reduce operating costs.
Take advantage of tax incentives and policies: FDI enterprises often enjoy many tax incentives and investment support policies from the government. Good data management helps businesses easily meet the requirements to continue enjoying these incentives, while avoiding the risk of tax arrears due to reporting errors.
Preventing financial and legal risks: Any errors in import-export data can lead to businesses being fined or having to pay additional unnecessary taxes and fees. For FDI enterprises, these risks can reduce profits and affect long-term business plans.
Compliance with international standards and requirements: FDI enterprises face strict requirements from international standards on auditing and financial reporting. Controlling import and export data helps ensure accuracy and consistency in compliance with these standards, avoiding risks related to international inspections or audits.
CHÚNG TÔI CUNG CẤP CÁC DỊCH VỤ UY TÍN– Dịch vụ lập BÁO CÁO QUYẾT TOÁN theo Thông tư 39/2018/TT-BTC – Dịch vụ tư vấn Setup hệ thống Quản lý Kho gia công Xuất nhập khẩu – ĐÀO TẠO: Nâng cao nghiệp vụ cho Nhân sự trong Doanh nghiệp gia công |
EXIM CONSULTING & TECHNOLOGY JSC– VP Hà Nội: Số 7 Tôn Thất Thuyết, Dịch Vọng Hậu, Cầu Giấy, Hà Nội. – Hotline: (024) 66 750 939 – Email: info@exim.com.vn – Website: Exim.com.vn – Facebook: Exim.com.vn. – Linkedin: EXIM Consulting & Technology JSC |