Sourcing Journal on MSN1d
House Democrat Brands Administration’s De Minimis Action as ‘Classic Trump Chaos’
Biden attempted to push the issue closer to a resolution in his final months in office by introducing a Notice of Proposed ...
Sun Star3d
Tax Notes: Amendments to De Minimis Benefits: Uniform and Clothing Allowance and Employee Achievement Awards
The Bureau of Internal Revenue issued Revenue Regulation (RR) 4-2025, which introduced amendments to the current list of de ...
BusinessWorld11d
Non-taxability of employee de minimis benefits
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 ...
Total Retail2d
De Minimis: From Benefit to Loophole
The de minimis law promotes trade and lowers barriers to global commerce by expediting the import of low-value items, ...
The Daily Telegraph11d
Trump tariffs cast doubt over China retail giant’s £50bn London float
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 ...
Digital Trends13d
Brace for pricier gadgets as steep tariffs hit top US trade partners
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 ...
BusinessWorld11d
BIR rules P7,000 uniform allowance for gov’t employees not taxable
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 ...
Politico4d
Up next? Another tariff blitz
Subscribe to our Playbook Newsletter today. De-minimis benefits will be restored, “but shall cease to be available for such articles upon notification by the Secretary of Commerce to the ...