The Trump administration move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer ...
A Latin term that’s been little-known outside the world of customs brokers has suddenly become the stuff of headlines. Along ...
U.S. President Donald Trump this week shut a trade loophole that has been used to ship low-value packages duty-free from ...
The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair ...
Initially introduced to reduce administrative burdens, the de minimis threshold was raised from $200 to $800 during President Barack Obama's tenure, significantly facilitating a surge in small ...
McAllister, a partner at law firm Holland & Knight in Washington, D.C. The de minimis exemption has been around since 1930, when the threshold was $1, but has been increasingly used as a tool to ...
And in BIR Ruling DA-218-08, the BIR further opined that the monthly clothing allowance and cost of uniform form part of an employee’s de minimis benefits. Anything in excess of the threshold of ...
De minimis shipments into the United States have grown significantly since 2015, when the threshold for duty-free treatment was raised to $800 per shipment from $200 previously. The U.S. Customs ...
Compared to global standards, the US de minimis threshold is exceedingly generous. For instance: The European Union caps its exemption at €150 ($156). Canada limits it to CAD $20 for non-US ...
In 2016, U.S. lawmakers raised the de minimis threshold from $200 to $800, partly because the influx of low-priced goods from abroad was overwhelming customs staff. It’s yet to be seen how ...
Earlier, the value was $200, but in 2016, Congress increased the de minimis threshold to $800. The de minimis exemption’s removal is going to hurt shoppers, especially folks buying goods from ...