Amendments on De Minimis Benefits Tax Exemption

Ask AI

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

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: 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.

END