The Bureau of Internal Revenue issued Revenue Regulation (RR) 4-2025, which introduced amendments to the current list of de ...
Friday saw the president reopen the floodgates for millions of duty-free shipments from e-commerce firms like Shein and Temu.
A rule that allowed goods under a certain value to be imported duty free from China into the US is in jeopardy, with industry ...
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 ...
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 ...
Neil Saunders, of GlobalData, said the removal of the de minimis benefit was “potentially very disruptive”, adding that it had “the potential to dampen investor sentiment”. Although the ...
As per data provided by the US Customs and Border Protection, goods worth over $47 billion were shipped into the US after qualifying for the de minimis benefit. This has allowed platforms like ...
2-98, as amended, with respect to de minimis benefits which are exempted from income tax on compensation as well as from fringe benefits tax in relation to the implementation of Republic Act No. 11466 ...
The US has temporarily reversed its decision to block the de minimis exemption allowing low-value packages to be imported ...
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