List of De Minimis Benefits which are exempt from income and fringe benefits tax:

a) Monetized unused vacation leave credits of private employees not exceeding ten
(10) days during the year and the monetized value of leave credits paid to
government officials and employees;
b) Monetized value of vacation and sick leave credits paid to government officials
and employees;
c) Medical cash allowance to dependents of employees not exceeding Php750 per
employee per semester or Php125 per month;
d) Rice subsidy of Php1,500 or one (1) sack of 50-kg. rice per month amounting to
not more than Php1,500;
e) Uniform and clothing allowance not exceeding Php5,000 per annum;
f) Actual yearly medical benefits not exceeding Php10,000 per annum;
g) Laundry allowance not exceeding Php300 per month;
h) Employee achievement awards, e.g., for length of service or safety achievement,
which must be in the form of a tangible personal property other than cash or gift
certificate, with an annual monetary value not exceeding Php10,000 received by
the employee under an established written plan which does not discriminate in
favor of highly paid employees;
i) Gifts given during Christmas and major anniversary celebrations not exceeding
Php5,000 per employee per annum;
j) Daily meal allowance for overtime work not exceeding twenty-five percent (25%)
of the basic minimum wage; and,
k) Benefits received by an employee by virtue of a collective bargaining agreement
(CBA) and productivity incentive schemes provided that the total annual
monetary value received from both CBA and productivity incentive schemes
combined do not exceed ten thousand pesos (Php10,000.00) per employee per
taxable year.
All other benefits given not included in the enumeration above shall not be considered de
minimis benefits and shall be subject to withholding tax on compensation income.
(Enumeration now exclusive)
The amount of de minimis benefits conforming to the ceiling herein prescribed shall not be
considered in determining the P82,000.00 ceiling of 'other benefits' excluded from gross
income under Section 32 (b) (7) (e) of the Code. Provided that, the excess of the de minimis
benefits over their respective ceilings prescribed by these regulations shall be considered as
part of other benefits and the employee receiving it will be subject to tax only on the excess
over the P82,000.00 ceiling. Provided, further, that MWEs receiving 'other benefits' exceeding
the P82,000.00 limit shall be taxable on the excess benefits, as well as on his salaries, wages
and allowances, just like an employee receiving compensation income beyond the SMW.
(Revenue Regulations 5-2011, as amended)