The meaning of DE MINIMIS is lacking significance or importance : so minor as to merit disregard. How to use de minimis in a sentence. Did you know?

The de minimis threshold is the value of a shipment that can be imported without payment of custom duties (import tariffs) or taxes (such as the value-added tax in the EU). In the United States, the de minimis import threshold is $800 per person per day. [26]

Aug 20, 2024 · An essential element of a de minimis benefit is that it is occasional or unusual in frequency. It also must not be a form of disguised compensation. Whether an item or service is de minimis depends on all the facts and circumstances.

2 days ago · China has long exploited the de minimis privilege to undercut U.S. manufacturers and retailers by flooding markets with low-cost goods and skirting customs enforcement. The number of Chinese imports coming into the U.S. under the de minimis policy has surged in recent years from 208 million packages in 2018 to more than 640 million in 2023 ...

Jun 3, 2017 · The term de minimis is a Latin expression that translates roughly to “pertaining to minimal things.” In the U.S. legal system, the term is used to refer to certain facts or issues that are so minor as to be undeserving of the court’s attention.

Nov 8, 2022 · The term de minimis applies in the context of business taxes and determining when employee benefits are taxable to employees as income. Learn more about what qualifies.

The Latin term ‘De minimis’ means “about minimal things” and it’s all about deciding when something is too small to be worth the effort. From taxes to legal disputes, and even business audits, the concept of de minimis helps simplify decisions and cut through unnecessary details.

Di minimis is something that is very trifling or of little importance. Usually refers to something so small, whether in dollar terms, importance, or severity, that the law will not consider it. For example, the di minimis fringe benefit rule in tax law allows the exclusion of …

Definition of "de minimis" Something trivial or too insignificant for the law to consider ; How to use "de minimis" in a sentence. The error in the contract was deemed de minimis, thus did not impact its validity. The judge dismissed the plaintiff's argument as de minimis and ignored it.

Nov 4, 2024 · De minimis, Latin for “pertaining to minimal things,” is a phrase used to describe the smaller benefits you provide to your employees. Think of it as the little “extras” that make the workday more enjoyable without being heavy on the pocket—or the tax form.