- The proposed 2025-2029 budget bill would raise the tax-free limit for international purchases to US$800 per calendar year.
- This limit could be used in a single shipment or split across up to three shipments.
- Value added tax (VAT) would apply to the invoice value or declared value of the merchandise.
- Current rules allow up to three tax-free shipments per year, each not exceeding US$200.
- Existing international trade agreements, such as with the US, would take precedence and maintain current regimes within their limits.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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