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 ...

Like other electronics CEOs, Andy Do has been cautiously watching the growing trade war between the US and China. | One US electronics distributor gets most components from China and wrestled with how ...

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 ...

At $3,000 and never adjusted for inflation during nearly a century, the Sec. 861(a)(3) de minimis exception seldom applies.

IRS rules on de minimis benefits apply not only to gifts, but also to other modest perks, such as the use of an employer-provided cellphone or photocopier, certain meal and transportation expenses ...