Amendments on De Minimis Benefits Tax Exemptions

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BIR REVENUE REGULATIONS NO. 5-2011: Amendments on De Minimis Benefits Tax Exemptions

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Title Supreme Court: Amendments on De Minimis Benefits Tax Exemptions

Law: Bir Revenue Regulations No. 5-2011

Decision Date: Mar 16, 2011

Revenue Regulations No. 5-2011 amends previous tax regulations to clarify and expand the list of de minimis benefits exempt from income and fringe benefit taxes, including allowances for medical expenses, rice subsidies, and employee awards, effective for income earned starting in 2011.

de minimis

benefits

revenue regulations

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