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 ...
Along with blanket tariffs on goods from China, Canada, and Mexico, Donald Trump has proposed closing the de minimis exception ... in turn, benefit from not having to pay import taxes on their ...
The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair ...
US President Donald Trump’s elimination of a long-standing tariff exemption that benefited China’s cross-border e-commerce giants will hurt American consumers – especially those on low ...
Section 321, also known as de minimis, allows importers to avoid paying duty and tax on shipments that are valued at less than $800 and going directly to customers. Shippers using de minimis do ...
Under the “de ... de minimis shipments. “Particularly from China, which suggests that the tariff and administrative fee incidence in direct-to-consumer trade disproportionately benefits ...
"This is causing chaos at all levels, " said Andrew K. McAllister, a partner at law firm Holland & Knight in Washington, D.C. The de minimis exemption has been around since 1930, when the ...
found that lower-income zip copes are more likely to import de minimis shipments. “Particularly from China, which suggests that the tariff and administrative fee incidence in direct-to-consumer trade ...
The Jan. 21 NPRM proposes that shipments valued at $800 or less and covered by Section 201, Section 232 or Section 301 tariffs be ineligible for the de minimis ... maintain key benefits of the ...
Each of Mr. Trump’s tariff orders—on China and now-paused on Mexico and Canada—bars use of the so-called de minimis exemption. The exemption lets every business or individual import up to $ ...
they obviously would benefit from taxing those imports, but there is a cost.” Jim Marcum, chief executive of David’s Bridal, said the suspension of the “de minimis” provision was a “net ...