About Duty and Tax Calculation on a Trade Transaction or a Declaration

Oracle Global Trade Management (GTM) helps companies that require the estimation of customs duty and taxes on imports or exports.

The Estimate Duty and Taxes feature helps you to improve productivity by:

• Automating the process of calculating the taxable base amount for customs duty
• Automating the process to estimate duty and taxes on a trade transaction or declaration

You can:

• Setup an external duty/tax service
• Assign values related to the calculation of duty and taxes automatically
• Calculate values related to the calculation of duty and taxes automatically
• Allocate values, such as charges, automatically
• Make a call to an external service to get the estimated customs duty and taxes