Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...
“De minimis” rules, which state that incoming goods under a certain value are not subject to import duties, were temporarily suspended by the US but reinstated within a week. A rule change was ...
Iacovella said the pause on stopping the de minimis rule, which allows goods worth $800 or less to come into the U.S. duty-free and with minimal inspections, likely represents an opening salvo in ...
U.S. President Donald Trump this week shut a trade loophole that has been used to ship low-value packages duty-free from ...
President Trump scrapped the de minimis rule, a provision that allowed low-cost goods, like clothing from e-commerce sites, to enter the United States without facing taxes. By Danielle Kaye ...
A provision of the Tariff Act of 1930, the de minimis rule was originally implemented to allow American tourists to send back goods they bought overseas tax-free. Congress increased the minimum ...
The House committee report also claims Temu’s reliance on the de minimis provision makes it harder to check whether it’s complying with federal rules, including a ban on Chinese goods made ...