For example, if an employer provides one meal to only one employee on a daily basis, the value of the free daily meal would not be de minimis to that individual employee, even though the provision ...

The Benefit Of 'De Minimis' Gifts. December 13, 2013 / 1:41 AM EST / CBS Philadelphia ... or a gift certificate that is only exchangeable for a holiday turkey or ham for example, ...

De minimis benefits are excluded from imputed income because they are difficult to track and/or are cheaper than $100. An example might be with the use of a company car or a company cell phone.

The Tax Court has ruled that the owners of the Boston Bruins professional hockey team may deduct the entire cost of away game pregame meals as a de minimis fringe benefit. During 2009 and 2010 the ...

Benefits given in excess of the maximum amount allowed as de minimis benefits shall be included as part of “other benefits” which are subject to a P90,000 ceiling. Revenue Memorandum Circular (RMC) No ...

Certain de minimis benefits are actually given for the employer’s convenience, such as uniform allowance not exceeding P5,000. The Tax Code and regulations also recognize de minimis benefits as ...