INCOME

TAXATION
Fringe Benefits
 Any goods, service or other benefits furnished
or granted by an employer in cash or in kind, in
addition to basic salaries.
It is a form of pay which may be in the form,
property, services, cash or cash equivalent to
supplement a stated pay for the performance of
services.

FRINGE BENEFIT
Fringe benefit tax (FBT) is a FINAL tax.

FRINGE BENEFIT TAX

 Facilities and privileges furnished or offered by an employer
to his employees, which are relatively SMALL in value
merely as a means of promoting the health, goodwill,
contentment, or efficiency of his employees.

DE MINIMIS BENEFIT
FRINGE BENEFIT
Tax Rates and Tax Base
 • Housing • Membership fees, dues, expenses
in social and athletic clubs or other
• Expense account similar organizations
• Vehicle of any kind • Foreign travel expenses
• Household personnel, such as • Educational assistance
maid, driver, and others
• Life or health insurance and other
• Interest on loan at less than market non-life insurance in excess of
rate amounts allowed by law

FRINGE BENEFIT
FRINGE BENEFIT
Housing Privilege
FRINGE BENEFIT
Motor Vehicle
FRINGE BENEFIT
Loans and Educational Assistance
FRINGE BENEFIT
Various Expenses
FRINGE BENEFIT
Travel
FRINGE BENEFIT
Other Benefits Exempted From Fringe Benefit Tax
 Due Date of Filing
• Quarterly filing
• 10th day of the month following the
end of the calendar quarter.

FRINGE BENEFITS
Filing of Returns