Since that time, the Division understands there has been some confusion among advisers who should be utilizing the new exemption with notice filing but are relying on the de minimis exemption and ...

But as of May 2, 2025, that advantage disappeared – at least for China and Hong Kong. That’s when the U.S. officially eliminated the exemption for low-priced imports from those places. Suddenly, cheap ...

The Trump Administration has ended a long standing tax loophole, called the de minimis exemption, meaning shoppers looking to buy overseas could notice higher prices.

A single bench of Justice Sameer Jain held that the grievances raised by the petitioners lacked merit and could not justify ...

Charging taxes on HS Code for thousands for small parcels coming from foreign online sales platforms is not practical, and ...

UBS downgraded its price target for UPS from $128 to $124, citing growing pressure on its international segment earnings.

The Senate passed a sweeping budget bill today, which will now go to the House for approval with the goal of transmitting a ...

New tax rules introduce "Trump Accounts," raise 1099 thresholds, expand Opportunity Zones, and add new taxes on remittances ...

The de minimis parties agree to pay EPA for their portion of EPA's costs incurred in responding to the time-critical removal action at the Site. The settlement includes a covenant by EPA not to sue or ...

Form 16 is vital for salaried employees during tax season, summarising income and TDS details. Easily downloadable from the TRACES portal, it simplifies e-filing by auto-filling salary data and ...