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Posted November 16, 2019

What to do of Excess Over De Minimis Benefits


What to do of Excess Over De Minimis Benefits

Excess of the maximum amount allowed as "de minimis" benefits shall be included as part of "other benefits" which is subject to the P90,000.00 ceiling. 

Any amount in excess of the P90,000.00 shall be subject to Income tax and consequently, to the withholding tax on compensation.


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