Description: 'Duties Calculation and Payment' digital business capability refers to the ability of a business to accurately calculate and process payments related to duties, such as customs duties, taxes, or other levies, using digital tools and platforms. This capability involves the use of advanced software or systems to automate the calculation process, ensure compliance with relevant regulations, and facilitate timely and accurate payments. It may also include features for tracking and reporting duties payments, integrating with other financial systems, and managing duties-related data and documentation. This capability is crucial for businesses involved in international trade or other activities subject to duties. Additional information: The 'Duties Calculation and Payment' digital business capability refers to the ability of a business to accurately calculate, manage, and process payments related to duties, tariffs, and taxes in a digital environment. This capability is crucial for businesses that operate in international trade, where various types of duties and tariffs apply. This capability involves several components: 1. Duty Calculation: This involves the use of digital tools and systems to accurately calculate the duties applicable to specific goods or services. This calculation is based on various factors such as the type of goods, their value, their country of origin, and the destination country. The calculation process must comply with the relevant laws and regulations in both the origin and destination countries. 2. Duty Payment Management: Once the duties are calculated, the business must manage the payment process. This involves setting up and maintaining digital payment systems, ensuring secure and timely payment transactions, and managing any issues or disputes that may arise. 3. Compliance and Reporting: The business must also ensure that all duty calculations and payments are compliant with the relevant laws and regulations. This involves maintaining accurate records, generating reports for regulatory bodies, and undergoing audits if required. 4. Integration with Other Systems: The 'Duties Calculation and Payment' capability must be integrated with other business systems, such as supply chain management, finance, and customer relationship management. This ensures that duty calculations and payments are accurately reflected in all relevant business processes and records. 5. Continuous Improvement: The business must continually monitor and improve its 'Duties Calculation and Payment' capability. This involves staying updated with changes in laws and regulations, adopting new technologies and best practices, and addressing any issues or inefficiencies in the process. In summary, the 'Duties Calculation and Payment' digital business capability is a critical aspect of international trade operations. It requires a combination of accurate calculation, efficient payment management, strict compliance, seamless integration, and continuous improvement. Example: 1. Customs and Border Protection: In many countries, the customs and border protection department has the responsibility of calculating and collecting duties on imported goods. They use digital systems to assess the value of goods, calculate the applicable duties, and facilitate online payments. 2. Tax Collection Agencies: Tax agencies like the IRS in the United States have digital systems in place for calculating and collecting taxes from individuals and businesses. These systems allow taxpayers to submit their tax returns online, calculate their tax liabilities, and make payments digitally. 3. Social Security Administration: The Social Security Administration in the United States calculates and collects social security taxes from workers' paychecks. They use digital systems to manage these processes. 4. Vehicle Licensing Agencies: In many jurisdictions, vehicle licensing agencies calculate and collect vehicle registration fees, which often include duties or taxes. These agencies often have online systems that allow vehicle owners to pay these fees digitally. 5. Environmental Agencies: Some environmental agencies are responsible for calculating and collecting duties or fees related to environmental regulations. For example, a company might be required to pay a fee based on the amount of pollution it produces. These agencies can use digital systems to manage these processes. 6. Local Government: Local governments often calculate and collect property taxes, utility fees, and other local duties. Many local governments have implemented digital systems that allow residents to pay these fees online. 7. State Liquor Control Boards: In some states, the liquor control board is responsible for calculating and collecting duties on alcohol sales. They may use digital systems to manage these processes. Publisher: EIRA Team LOST view: OV-Duties Calculation and payment [Motivation] Identifier: http://data.europa.eu/dr8/egovera/DutiesCalculationAndPaymentCapability EIRA traceability: eira:DigitalBusinessCapability EIRA concept: eira:SolutionBuildingBlock Last modification: 2023-08-08 dct:identifier: http://data.europa.eu/dr8/egovera/DutiesCalculationAndPaymentCapability dct:title: Duties Calculation and payment (DBC)