What are de minimis value in international trade?

0
3KB

De Minimis value is the value of goods that can be imported into a country without being subject to duties or taxes. In other words, if you buy goods from a foreign country and the item's value is less than a certain amount, your items will be exempt from import duties and taxes.

De Minimis is not unique to the United States. Many countries have their own charges and values. The main objectives of the De Minimis Value are to help small businesses by exempting low-value shipments from costly customs duties. In this case, items are cleared without the need for formal declarations. The De minimis threshold varies significantly across countries and plays a crucial role in international trade, especially in the e-commerce sector.

If you are a business supplier in Africa , with small retail businesses as primary clients in the USA or Europe, you can ship goods without extra cost to your clients if the cost is below the De Minimis Value.

De Minimis Value by Country

European Union countries that use the Euro share the same de minimis thresholds.

  • Duty is exempt when the goods in a shipment are valued below or at 150 EUR.
  • VAT is always charged, regardless of the value of goods.

 

Rechercher
Catégories
Lire la suite
Tender 360
Cameroon Public Procurement Agency is recruiting recruit five (05) developers and one (01) statistical engineer
The Cameroon Public Procurement Agency (ARMP) plans to recruit five (05) developers and one (01)...
Par Ask Tradrix 2025-03-06 20:58:12 0 3KB
Customs
What are de minimis value in international trade?
De Minimis value is the value of goods that can be imported into a country without being subject...
Par Ask Tradrix 2025-03-06 20:56:36 0 3KB
Customs
Learn About Ghana Import Duty: A Complete Guide for Importers
Like any other country, Ghana has import duties on goods entering the country. If you are...
Par Ask Tradrix 2025-03-06 20:55:05 0 3KB
Paiements
Spot FX: A Game-Changer for Businesses Trading Overseas
In today’s interconnected world, businesses are increasingly trading across borders. With...
Par S.W.A.G.G Africa (Ltd) 2025-03-08 15:35:53 0 3KB
Trade
What type of export finance is best for your business?
Export finance is a term often used in international trade and refers to various financial...
Par Ask Tradrix 2025-03-06 20:53:29 0 3KB