THE Bureau of Internal Revenue (BIR) has upheld the tax exemption on the P7,000 uniform or clothing allowance of government employees. “Pursuant to Sections 4 and 244 in relation to Section 33 of the ...

Another type of fringe benefit that isn't taxed is a de minimis benefit. This type of benefit has such a minimal value that employers would have a difficult time accounting for it. Among others ...

Employees receiving large fringe benefits, such as housing or tuition assistance ... In reality, the IRS excludes certain low-value benefits under the “de minimis” rule. Examples include free office ...

By David Lawder, Helen Reid, Lisa Baertlein and Lisa Barrington WASHINGTON/LONDON/LOS ANGELES (Reuters) - U.S. President ...

Friday saw the president reopen the floodgates for millions of duty-free shipments from e-commerce firms like Shein and Temu.

The U.S. government has recently proposed new bipartisan legislation aimed at restricting de minimis provisions for textiles and apparel imports. De minimis provisions play a crucial role in ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...

The US proposed a new regulation on Monday to strengthen oversight of low-value imports under the de minimis rule, which exempts goods valued at US$800 or less from duties and stringent screening.

The Jan. 21 NPRM proposes that shipments valued at $800 or less and covered by Section 201, Section 232 or Section 301 tariffs be ineligible for the de minimis exemption. Importers of such goods ...

U.S. Customs and Border Protection (CBP) on Monday announced the release of a Notice of Proposed Rulemaking (NPRM) that it says will boost its ability to intercept illegal de minimis packages.

A judge temporarily stopped the Trump administration from putting over 2,000 staff at the U.S. Agency for International ...