Business Terms and Jargon Explained

What is Per diem

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.

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Term created / updated 2019-11-07 18:16:23

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