BN Business News
Add your company to Business Communicator →

Administracja i zamówienia · 26.11.1996

Reporting Requirements for Foreign Gifts and Decorations

Section 101-49.001-5 currently defines the minimal value for reporting foreign gifts as $225. Public Law 95-105 requires that at 3- year intervals following January 1, 1981, minimal value be redefined by the Administrator of General Services, after consultation with the Secretary of State, to reflect changes in the consumer price index for the immediately preceding 3-year period. The required consultation has been completed and the minimal value has been increased to $245.

Source: Federal Register — General Services AdministrationOpen original release →