President Trump pumped the brakes last week on a pledge to shut down an import tax exemption for cheap consumer goods 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 ...
Under the “de minimis” exemption, a longstanding rule that applies to packages entering the U.S. worth under $800, retailers overseas are allowed to sell products at lower prices by shipping ...
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 ...
Ending de minimis requirements altogether could mean more paperwork, longer processing times, and higher costs for everyone ...
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 ...
President Donald Trump temporarily restored a trade exemption that allows companies to send low-cost goods to the United States duty-free in an executive order amendment posted online Friday.
Even before Trump was sworn in last month, de minimis was being targeted for change. The Biden administration proposed a new rule last fall to close the loophole. And U.S. agencies and politicians ...
Even before Trump was sworn in last month, de minimis was being targeted for change. The Biden administration proposed a new rule last fall to close the loophole. And U.S. agencies and politicians ...
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