Define Tax Free Annual Limits for De Minimis Benefits
Customizing Activity
PAY_PH_DEMNMS_000
Define Tax Free Annual Limits for De Minimis Benefits
Document
Document Class
SIMG
Hypertext: Object Class - Class to which a document belongs.
Document Name
PAY_PH_DEMNMS_000
In this IMG activity, you can define the annual tax free limit on the De Minimis Benefits provided to the employee(s). Any value greater than the limit specified will be included by the system in the computation of the employee Taxable Gross.
The limits maintained are as specified by the Bureau of Internal Revenue.