Summary
RR No. 8-2000 amends specific provisions of RR Nos. 2-98 and 3-98 on de minimis benefits, Additional Compensation Allowance (ACA), Representation and Transportation Allowance (RATA) and Personal Economic Relief Allowance (PERA).
Key points
- Not items of income. These benefits and allowances received by employees are not income items. They are not subject to income tax or to withholding tax.
- ACA treatment. Effective Taxable Year 2000, ACA is classified as part of the Other Benefits excluded from gross compensation income, provided the total of such benefits does not exceed P 30,000.
- De minimis benefits. The Regulations list the de minimis benefits that are exempt from the fringe benefits tax.
Who is affected
- Employees receiving de minimis benefits, ACA, RATA or PERA
Deadlines and effectivity
- ACA classification effective Taxable Year 2000
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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.