What is the main requirement for a payment to be considered de minimis?

The main requirement for a payment to be considered de minimis is that it must be of small value. The term "de minimis" refers to something that is too trivial or minor to merit consideration, particularly in a legal or administrative context. In payroll and tax reporting, this generally refers to payments or benefits that are so small that they do not need to be reported or accounted for in a significant way.

For example, minor employee benefits like occasional snacks or coffee may fall under this category, and organizations can provide them without the need for extensive reporting or tax implications. This principle helps streamline processes and reduces administrative burdens for both employers and employees regarding negligible amounts. The other options either emphasize aspects that do not define the core criterion of being "of small value" or introduce requirements that are not strictly tied to the de minimis threshold.