Revisiting non taxable employee benefits – de minimis benefits
We are revisiting the employees’ nontaxable portion of compensation, that is, the de minimis benefits. As provided for in Section 2.79(D)(3)(b) of Revenue Regulations (RR) No. 02-98, as amended, de minimis benefits are facilities or privileges given or offered by an employer to its employees, provided such facilities or privileges are of relatively small value […]
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