The amount of de minimis benefits conforming to the ceiling herein prescribed shall not be considered in determining the P30,000.00 ceiling of 'other benefits' excluded from gross income under Section 32(b)(7)(e) of the Code.
{"Image DocumentName": "The amount of de minimis benefits conforming to the ceiling herein prescribed shall not be considered in determining the P30, ceiling of \u2018other benefits\u2019 excluded from gross income under Section 32(b)(7)(e) of the Code.", "Image ImageDescription": "Provided that, the excess of the \u2018de minimis\u2019 benefits over their respective ceilings prescribed by these regulations shall be considered as part of \u2018other benefits\u2019 and the employee receiving it will be subject to tax only on the excess over the P30, ceiling. Provided, further, that MWEs receiving \u2018other benefits\u2019 exceeding the P30, limit shall be taxable on the excess benefits, as well as on his salaries, wages and allowances, just like an employee receiving compensation income beyond the SMW..", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}