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 ...

THE Bureau of Internal Revenue (BIR) has upheld the tax exemption on the P7,000 uniform or clothing allowance of government employees. “Pursuant to Sections 4 and 244 in relation to Section 33 of the ...

President Donald Trump on Friday reversed his decision to eliminate the “de minimis” loophole that allowed packages from China valued at under $800 to be processed without customs duties or ...

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 trade rule, which was originally put in place to benefit American tourists bringing home merchandise from overseas travel for personal use, has become a central tenet of the e-tailers’ ...

Trump had revoked the nearly century-old de minimis loophole in an executive order this month that imposed tariffs on China. The president imposed tariffs on Canada and Mexico at the same time but ...

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 ...

Murray, of the Public Interest Research Group, said her group supports bipartisan legislation such as the Ensure Accountability in De Minimis Act, which would limit which shipments can benefit ...