Valuation of Merchandise Series: Royalties and Licensing Fees—Dutiable or Not?
Webinar: 1 CCS Credit
Are your company's royalty or license fee payments dutiable? Yes? No? Not quite sure? As an importer of licensed merchandise, it can often be difficult to determine whether, and under what circumstances, your company's royalty or licensing fee payments are considered dutiable as additions to the "price paid or payable" for imported merchandise.
In this one-hour webinar, we will provide you with an overview of the basics of royalties and licensing fees in order to help you better understand the potential duty implications of such payments.
What are royalty and license fees?
When are royalty and license fee payments considered "additions" to the price paid or payable?
What factors does U.S. Customs consider in determining the dutiable of royalty and license fee payments?
Are there ways to lawfully structure your royalty and licensing agreements to avoid paying unnecessary Customs duties?
MARK SEGRIST is a Member of Sandler, Travis & Rosenberg, P.A., resident in the Chicago office. His practice is focused primarily on import and export trade law and assisting clients in acquiring duty-saving benefits under the First Sale Rule.