De minimis

Customs value

Value threshold below which duties and taxes are not collected.

The term De minimis refers to a value threshold below which imported goods are not subject to customs duties and taxes. This concept is crucial for businesses and individuals importing low-value goods, as it simplifies customs procedures and reduces costs.

Understanding the De minimis threshold

Each country sets its own De minimis threshold, which can vary significantly. For example, in the United States, this threshold is 800 USD, while in the European Union, it is generally 22 EUR. Therefore, it is essential to check the specific regulations of the importing country to avoid unexpected fees.

Benefits for small businesses

For small businesses, the De minimis threshold offers an opportunity to reduce import costs and simplify logistics. This can be particularly advantageous for e-commerce companies shipping products directly to international consumers.

Practical tips

  1. Check local thresholds: Before importing, consult the De minimis thresholds of the destination country to optimize your costs.
  2. Plan your shipments: If possible, split your shipments to stay below the threshold and avoid additional fees.
  3. Stay informed: Thresholds can change, so it is important to stay updated with customs regulations.

In conclusion, the De minimis threshold is a powerful tool to facilitate international trade, but it requires a good understanding of local customs rules to be fully leveraged.