What are the De Minimis Benefits in the Philippines?
These are benefits provided by the employers to their employees on top of the basic salary intended for the health, peace, morality, and safety of the employees.
These benefits have a relatively small value which is regulated by the law. Therefore, not subject to income tax and withholding tax on compensation of both managerial and rank-and-file employees.
TYPES OF BENEFITS
MAXIMUM MONTHLY AMOUNT
MAXIMUM YEARLY AMOUNT
Uniform and Clothing Allowance
Medical cash allowance to dependents of the employees
Actual medical assistance
Employee’s achievement award
Benefits received due to CBA
Christmas and anniversary gifts
Monetized unused vacation leave credits of private employees not exceeding 10 days during the year
Daily meal allowance for overtime work and night shift
25%> of the basic
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