De minimis

Tax Glossary Definition

De minimis

De Minimis – The term de minimis denotes an amount or activity so small that it is regarded as negligible and therefore exempt from certain legal, tax, or regulatory obligations. It establishes a lower limit below which compliance, reporting, or taxation is not required.

Example: In customs regulations, shipments valued below a prescribed threshold may qualify for a de minimis exemption from import duties.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App