Government expands tax exemptions on de minimis benefits
Submitted by Vox Bikol on
MANILA, Dec. 29 -- Labor and Employment Secretary Rosalinda Dimapilis-Baldoz said 2015 augurs well for the country’s millions of workers with the expansion by the government of the list of de minimis benefits to be exempted from income tax on compensation, to include benefits under collective bargaining agreements (CBAs) and productivity incentive schemes.