President Donald Trump has delayed his ban on duty-free treatment of low-value shipments from China until border agencies can figure out how to collect ...
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 Rule? The de minimis rule, derived from a Latin term meaning “trifling” or “of little importance,” was first introduced in the U.S. Tariff Act of 1930. It allows small-value ...
President Donald Trump is considering changing a key U.S. trade benefit to other nations, the "de minimis" exemption on import tariffs, as he accuses China of unfair trade practices and blames it for ...