Blog Posts on de minimis benefits
Percent:
What are De Minimis Fringe Benefits? by Business Tips Philippines on Aug 29, 2011Employees and workers are the best resources of a business. They are the ones who contribute to the productivity and profitability of a certain company or enterprise. Thus, justice and righteousness dictate that these people should be given with due...
New Rules on De Minimis Benefits under RR No. 5-2011 by TaxAcctgCenter on Jul 30, 2011Bureau of Internal Revenue (BIR) issued Revenue Regulation No. 5-2011 dated March 16, 2011 (RR 5-2011) further amending Revenue Regulations No. 2-98 and Revenue Regulations No. 3-1998, as last amended by RR Nos. 8- 2000,10- 2000, and 5-2008 on “De...
Tax-exempt compensation, you like it? by pinoytaxation.com on Aug 13, 2009In general, allowances and other form of compensation income, are taxable, irregardless of how they are called. However, there are noted exceptions on this rule by virtue of a law or a regulations. For sure, they will make employees happier because n...
How withholding taxes on compensation works? by pinoytaxation.com on Aug 7, 2009As a rule under the regulations, employers are appointed withholding agents who shall withhold corresponding taxes on compensation. This is to ensure that employee’s taxes are being paid so that if an employee is under the employ of a single em...
