Council Directive (EU) 2022/542 introduced sweeping reforms to VAT taxation across the European Union. Among its most consequential provisions for the art world was the significant curtailment (some ...

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 ...

Sri Lanka will begin imposing an 18% Value Added Tax (VAT) on services provided by non-resident individuals via electronic ...

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

Senator Lummis’s standalone crypto bill proposes tax exemptions on certain crypto transactions and more clarity on the treatment of crypto mining and staking taxes.

The US Senate has approved a comprehensive budget reconciliation bill that contains a provision to permanently end the ‘de ...

The trade group lauded Senate lawmakers for choosing to leave the section that proposes ousting de minimis by 2027.

Last-minute changes to Trump's “One Big Beautiful Bill” could add a slew of potential tax relief benefits on Bitcoin and other crypto assets.

The so-called de minimis provision that exempts packages of $800 or less from duties was eliminated on May 2 for goods made in China and Hong Kong, after Trump in early April ordered the end of ...

NCTO describes the closing the de minimis loophole bill as the "strongest and most comprehensive legislative solution".

WASHINGTON – U.S. Senators Sheldon Whitehouse (D-RI) and Lindsey Graham (R-SC) today introduced the Closing the De Minimis Loophole Act, bipartisan legislation to end the “de minimis” exemption, which ...