1. Objective

This policy sets out the principles and practices that TANGERINS follows to ensure compliance with all applicable tax and customs regulations. Our goal is to operate ethically and legally in all purchasing and sales activities, prevent any involvement with smuggling, contraband, or counterfeiting, and maintain transparency with authorities.

2. Scope

This policy applies to the business owner, employees (if any), and service providers directly involved in purchasing, logistics, or sales operations.

3. Responsibilities

Business Owner (or Designated Person):
Ensures the company stays compliant with tax and customs obligations, maintains up-to-date documentation, and monitors regulatory changes. Acts as the compliance lead for the business.

Staff or Service Providers (if applicable):
Must follow all procedures defined in this policy and report any irregular or suspicious activities related to suppliers, shipments, or documentation.

4. Compliance with Tax and Customs Regulations

Accurate Reporting:
All invoices, customs declarations, and tax filings must be accurate, complete, and submitted on time. Records must reflect actual commercial transactions.

Timely Payments:
All applicable taxes, import duties, and fees must be paid within the legal deadlines, using correct rates and updated regulations.

Use of Benefits:
If eligible for any special customs regimes or tax benefits, these must be used in accordance with the law and properly documented.

5. Supplier Verification

Although TANGERINS does not operate as a marketplace, it is committed to working only with trusted, verified suppliers. The following due diligence steps will be applied:

-Purchase only from suppliers with a verifiable business identity, good reputation, and compliance track record.

-Review supplier documentation such as invoices, certifications, or declarations to ensure legitimacy.

-Keep records of supplier information for future reference or audits.

-Avoid working with suppliers suspected of dealing with counterfeit or smuggled goods.

6. Recordkeeping

All business-related documents, including purchase invoices, import documents, customs declarations, and payment receipts, will be:

-Maintained in an organized, secure, and accessible manner;

-Retained for the period required by applicable law;

-Made available to authorities upon request.

7. Monitoring and Reporting

The business owner will:

-Stay informed about changes in relevant laws and regulations;

-Conduct occasional reviews of suppliers and documentation;

-Promptly report any irregularities to the appropriate authorities.

Any person involved in the business who becomes aware of suspicious activities (e.g., fake invoices, unclear product origin) must report them immediately.

8. Training and Awareness

As a small business, TANGERINS commits to continuous learning about tax, customs, and compliance requirements. Any staff or contractors will receive basic guidance to ensure they understand legal obligations and business standards.

9. Non-Retaliation

Anyone reporting concerns in good faith—whether an employee, contractor, or partner—will be protected from any form of retaliation or penalty.

10. Violations and Penalties

Violations of this policy may result in:

-Termination of business relationships;

-Reporting to relevant authorities;

-Legal or administrative consequences, depending on the nature of the violation.

11. Review and Updates

This policy will be reviewed periodically to ensure it remains up to date with the current legal framework and the business’s operations. Updates will be documented and communicated as needed.