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 ...
In the final days of the Biden administration, US Customs and Border Protection (CBP) issued several notices of proposed rulemaking (NPRM) aimed ...
The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair advantage.
This generous gift comes with no rule of origin requirements, reciprocal market access or labour or environmental standards. Simply put, the CCP and others utilising 'de minimis' can get rich ...
The US proposed a new regulation on Monday to strengthen oversight of low-value imports under the de minimis rule, which exempts goods valued at US$800 or less from duties and stringent screening.
U.S. Customs and Border Protection outlined its plan to restrict de minimis treatment for low-cost imports subject to certain tariffs in proposed rule changes Tuesday. If implemented, the changes ...
Currently, goods can be entered under the de minimis exemption rule by presenting the bill of ... process” will be required for bona fide gifts, and will be available for all other low-value ...
The Philippine Retailers Association (PRA) is advocating for the removal of the “de minimis” rule exempting imports valued at P10,000 or below from duties and taxes, citing its detrimental ...
To achieve comprehensive de minimis reform and trade modernization, we urgently need statutory updates.” The ELVS rule will create a fully electronic process for importers to file entry data ...