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Home / Tolley's Global Mobility: Employment Taxes (Worldwide excluding Europe) /Philippines /4. Withholding on benefits-in-kind / 4.1 De minimis benefits
Commentary

4.1 De minimis benefits


Philippines

4.1ÌýÌýÌýÌý De minimis benefits

Under the Tax Code, Title II, s 32, 13th month pay and other benefits are excluded from gross income and are not subject to tax and therefore not subject to withholding. The total exclusion cannot exceed PHP 90,000 and includes:

  1. Ìý

    •ÌýÌýÌýÌý the 13th month pay (3.3)

  2. Ìý

    •ÌýÌýÌýÌý Christmas bonus

  3. Ìý

    •ÌýÌýÌýÌý productivity and incentive bonuses, and

  4. Ìý

    •ÌýÌýÌýÌý other benefits of the same nature in-cash or in-kind

In addition to that, compensations of small value, called de minimis benefits, are also excluded

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Web page updated on 17 Mar 2025 15:51