Amendments on Tax-Exempt De Minimis Benefits

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BIR Revenue Regulations No. 1-2015: Amendments on Tax-Exempt De Minimis Benefits

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Title Supreme Court: Amendments on Tax-Exempt De Minimis Benefits

Law: Bir Revenue Regulations No. 1-2015

Decision Date: Jan 5, 2015

BIR Revenue Regulations No. 1-2015 amends existing tax regulations to exempt "De Minimis" benefits, including those from collective bargaining agreements and productivity incentive schemes, from income tax and fringe benefit tax, provided their total annual value does not exceed ten thousand pesos per employee.

de minimis

benefits

revenue regulations

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