- Nov 12, 2020
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https://www.citizen.org/article/fac...n-customs-duties-on-electronic-transmissions/
Just wanted to share this article I found about the current WTO moratorium on customs duties for digital products. It looks like there's a chance this policy might change soon, which could mean higher costs for selling digital goods online, this also includes purchased licences, streaming services, etc. That might mean tighter profit margins for e-commerce folks and of course, everyone will raise prices and everything will become even more expensive for buyers.
Keep an eye out for updates on this. What do you think? Could this affect your business?
Just wanted to share this article I found about the current WTO moratorium on customs duties for digital products. It looks like there's a chance this policy might change soon, which could mean higher costs for selling digital goods online, this also includes purchased licences, streaming services, etc. That might mean tighter profit margins for e-commerce folks and of course, everyone will raise prices and everything will become even more expensive for buyers.
Keep an eye out for updates on this. What do you think? Could this affect your business?
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