The European Union is preparing to phase out its long-standing de minimis rule, which currently allows low-value goods—those priced below roughly $174—to enter the bloc without paying customs duties. EU member states formally endorsed the change on Nov. 13, marking a significant shift in how small parcels entering the EU will be taxed. The removal […]
EU to End Duty-Free Allowance for Low-Value Imports as Part of Customs Overhaul

