Amendments on De Minimis Benefits Tax Exemption

Ask AI

BIR REVENUE REGULATIONS NO. 5-2008: Amendments on De Minimis Benefits Tax Exemption

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Amendments on De Minimis Benefits Tax Exemption

Law: Bir Revenue Regulations No. 5-2008

Decision Date: Apr 17, 2008

Revenue Regulations No. 5-2008 amends previous regulations to clarify that "de minimis" benefits, such as a rice subsidy of P1,500 and a uniform allowance of up to P4,000, are exempt from income tax and fringe benefit tax for employees, effective from 2008.

de minimis

benefits

revenue regulations

END