Customs 101 – What is a de minimis threshold?
What is a de minimis threshold?
A value below which goods can be shipped into a country before duties & taxes are assessed.
What are the benefits of a de minimis threshold?
The higher the threshold, the better. Here’s why:
- Reduces costs to importers & shippers
- Reduces paperwork for low-value shipments
- Delivery is typically quicker
- Helps stimulate cross-border eCommerce (especially for small-scale e-tailers)
Want to know more?
Check out IMAG’s latest infographic below for more facts on de minimis thresholds: