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 “de minimis” exemption that allowed packages ... on February 1 raising tariffs on Chinese goods by 10 per cent. The tax loophole played a big role in driving the growth of China’s ...

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 ...

Trump on Saturday suspended the exemption as part of new tariffs that include an additional 10% tax on Chinese goods. The nearly century-old exception, known as de minimis, has been used by many ...