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RR No. 10-2000: Amends further RR Nos. 2-98, 3-98 and 8-98 with respect to the exemption of monetized leave credits of government officials and employees and the enumeration of “de minimis” benefits which are exempt from income tax on compensation and from fringe benefits tax

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Summary

RR No. 10-2000 further amends RR Nos. 2-98, 3-98 and 8-98 on the exemption of monetized leave credits of government officials and employees and on the list of de minimis benefits.

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Key points

  1. Monetized leave credits. The Regulations cover the exemption of monetized leave credits of government officials and employees.
  2. De minimis benefits. The Regulations list the de minimis benefits exempt from income tax on compensation and from fringe benefits tax.

Who is affected

  • Government officials and employees

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (4)

Cites, Cited by CollapseExpand
CitesRR No. 02-98RR No. 03-98RR No. 08-98
Cited byRR No. 5-2008

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.