De Minimis

De Minimis is.

of insufficient significance to warrant judicial or tax attention, as in the case of nontaxable de minimis fringe benefits. De minimis reflects the judicial principle of de minimis non curat lex (“the law does not concern itself with trifles”).

U.S. and other Developed Countries International Tax Meaning

Phrase used in connection with circumstances in which the full rigour of the tax law is not enforced because, in particular, of the small amount or minor breach which may be involved, particularly in the context of under-assessed or underpaid tax which are not pursued on “de minimis” grounds.