Disclaimer: The article that follow is my personal opinion, intended for discussion purposes only. It should not be construed as official opinion or regulation by any governmental agency that has authority over the matter.
Found this in my inbox:
Can you help me understand what is the maximum amount of de minimis that could be extended to employees? What are other tax deductions can an employee have?
The National Internal Revenue Code of 1997 only mentions of De Minimis Benefits as one of the fringe benefits that are not taxable (Section 33.C). No definition whatsoever. As such, no explicit amount was provided for in the law.
Generally, benefits in kind are taxable. However, de minimis benefits, i.e. those of relatively small value and offered or furnished as a means of promoting the health, goodwill, contentment and efficiency of an employee, and those furnished for the convenience of the employer, are exempt.
For how much is that “relatively small value” is judgemental, and any quantifiable amounts are usually included in the P30,000 ceiling for the thirteenth month as exclusion from the gross income.
As regards your second question, I would like to assume you are referring to tax deductions on income derived from an employer-employee relationship. In that case, you can only claim the personal exemption allowed based on your status (single, head of family, married, plus dependents), which is the subject of the amendments contained in RA 9504. Nothing more, nothing less. Why, are you looking for more?