RR No. 8-2012 — Further amends Revenue Regulations relative to the “De Minimis Benefits” (Published in Manila Bulletin on May 14, 2012)

CORPOPATE COMMUNICATION tcAx BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL KEVENUL RECORDS MGT DIVISION RECEIVED MAY {} 20t2 0 p.M. W

BURENUOF INTEPIIMLREVENUE REVENUE REGULATIONS NO. 8- M1a May 11, 2012

SUBIECT: Last Amended by Revenue Regulations Nos. 5-2008 and 5-2011, with Respect to "De Minimis Benefits" Further Amendments to Revenue Reguiations Nos. 2-98 and 3-98, as

TO All tnternal Revenue Officials and Others Concerned

the FY 2012 General Appropriations Act, these Regulations are hereby promulgated to further amend Revenue Regulations (RR) No. 2-98, as last amended by RR Nos. 5-2008 and 5-2011, with respect to "De Minimis" benefits which are exempt from income tax on compensation as well as from fringe benefit tax. Pursuant to Sections 4 and 244 in relation to Section 33 of the Tax Code of 1997 and

hereby further armended to read as follows: SECTION 1. Section 2.78.1 (A)(3)(e) of RR 2-98, as last amended by RR 5-2008, is

"Sec 2.78.1 Withholding Tax on Compensation Income. {A)..

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{3} Facilities and privifeges of relatively small vafue. -

XXX XXX XXX (e} Uniform and Clothing allowance not exceeding P5,000 per annum;

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further amended to read as follows: SECTION 2. Section 2.33 (C)(e) of RR 3-98, as last amended by RR 5-2008, is hereby

"Sec 2.33. Special Treatment of Fringe Benefits.

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(C) Fringe Benefits Not Subject to Fringe Benefit Tax. -

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{e) Uniform and Clothing allowance not exceeding Ps.ooo per annum;

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Section 3. REPEALtNG CLAUSE. - All existing rules and regulations and other issuances or parts thereof which are inconsistent with the provisions of these Regulations are hereby modified, amended or revoked accordingly.

2012. Section 4. EFFECTIVITY. - These Regulations shall take effect starting January 1

AY

CeSAR V. PuriStMA Secretary of Finance Recommending Approval: 004862

KIM S.JACINTE-KENARES Commissicher of Internai Revenue 009133 RECORDS MGT 3IVISION BUREAU OF INTERNAL RIVENUE MAY{} 20t2 2.2 P.M

RECEIV