15
Jun
De Minimis Benefits Sample Computation for NCR Employees
“De Minimis” benefits (DMB) are exempt from the fringe benefit tax and income tax shall, in general, be limited to facilities or privileges furnished or offered by an employer to his employees that are of relatively small value and are offered or furnished by the employer merely as a means of promoting the health, good- will, contentment, or efficiency. With the enactment of the TRAIN Law many wonder whether changes have been made on the non-taxability of the DMB under [...]