Head Topics

Retailers group asks gov’t to abolish ‘de minimis’ rule

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 55%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Defining the News

A group of retailers asked the government to abolish the “de minimis” rule for imported goods valued at P10,000 and below.

It also said the de minimis value creates an uneven playing field, putting local retailers who diligently pay taxes at a disadvantage to foreign e-commerce merchants who may not adhere to the same regulations. The de minimis value facilitates the entry of counterfeit and substandard products, jeopardizing consumer safety and product quality standards, the PRA said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International tourism receipts double to $9.1bDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Heal Venture, PEZA sign deal to woo pharma firmsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

ROW committee to speed up rail projectsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

PH, Japan vow to meet carbon emission targetDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Japan PM talks with Prabowo on securityDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Russia reports surge in army recruitment after deadly hitDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »