Washington, D.C. — The U.S. Chamber of Commerce is encouraging small business owners to review their eligibility for potential tariff refunds following recent court rulings affecting certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The Chamber has released guidance to help businesses understand who qualifies, what documentation is needed, and how to prepare for the refund process.
Businesses that directly paid eligible tariffs may have an opportunity to recover funds. While not every business will qualify, the Chamber notes that now is the time for business owners to review records and understand the steps involved in seeking a refund.
Key Takeaways for Small Businesses
- Determine eligibility: Refunds are generally available to businesses that served as the Importer of Record and directly paid eligible IEEPA tariffs. Certain other tariffs, including Section 232 and Section 301 tariffs, are not included in the refund process.
- Review import records: Businesses should begin gathering import documentation, entry records, and tariff payment information to determine whether they may qualify.
- Prepare for electronic filing: Refund requests are being processed through U.S. Customs and Border Protection systems, and businesses may need access to the ACE Portal and ACH enrollment to receive payments electronically.
- Work with your customs broker or advisor: Businesses that use customs brokers or import specialists are encouraged to connect with them early to understand filing requirements and avoid delays.
Preparing for the Process
The U.S. Chamber advises businesses to stay informed as federal agencies continue refining the refund process and to take proactive steps now to determine whether they may be eligible. Proper documentation and preparation can help streamline the process and ensure businesses are ready when refund opportunities become available.
For additional details and step-by-step guidance, visit the U.S. Chamber of Commerce resource page.
