This is a daily allowance given to employees for hotel, travel, food and entertainment expenses. The allowance is difference for different type of employees i.e. executives Per diem is different to sales staff. Each tax authority has difference rules in different countries and industries on how they need to be reported and if tax free.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.