BusinessWorld4d
Non-taxability of employee de minimis benefits
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 ...
What is the 'de minimis exemption' to tariffs and why its end could have a huge impact on your wallet?
Under the “de minimis” exemption, a longstanding rule that applies to packages entering the U.S. worth under $800, retailers ...
Why Trump Wants to Close a Trade Exemption for China
President Trump’s order imposing additional tariffs on China this week also suspended a popular trade exemption known as the ...
KUNM2d
China no longer has a de minimis trade exemption. What is it?
The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair ...
The ‘de minimis’ exemption applies to packages entering the U.S. worth under $800
Under the “de minimis” exemption, a longstanding rule that applies to packages entering the U.S. worth under $800, retailers ...
Trump reinstates tariff exemption for certain cheap shipments – for now
The Trump administration on Friday delayed the suspension of the so-called de minimis provision, which allows packages worth ...
JD Supra8d
CBP Proposes to Modify the De Minimis Exemption
U.S. Customs and Border Protection (CBP), under the U.S. Department of Homeland Security, published a Notice of Proposed Rulemaking on Jan. 21, ...
The Independent4d
The ‘de minimis’ exemption applies to packages entering the U.S. worth under $800
President Donald Trump will close a loophole that allows online retailers to send small packages to the U.S. without paying a tax as part ... Under the “de minimis” exemption, a longstanding ...