The Bureau of Internal Revenue (BIR) has announced an increase in the annual clothing allowance from P6,000 to P7,000 per annum, effective immediately.
Additionally, the BIR has issued guidelines regarding employee achievement awards. These awards, whether in the form of cash, gift certificates, or tangible personal property, with an annual monetary value not exceeding P10,000, are considered De Minimis Benefits if the following conditions are met:
– The award is granted under an established and documented written plan.
– The plan does not discriminate in favor of highly paid employees.
– Examples of qualifying awards include recognition for length of service or safety achievements.
For more inquiries regarding De Minimis Benefits or assistance with BIR regulations, feel free to contact us through our Facebook page or email us at mpcamaso@mpca.com.ph.
Reference:
BIR Revenue Regulation No. 04-2025
