Have you ever thought about the meaning of the phrase de minimis and why it is referred to in tax and legal matters? De minimis basically means something minor or negligible and could probably not require further consideration. Applying the de minimis principle makes it easier for authorities not to spend their efforts on solving issues that can be considered relatively minor in the practical aspect. For taxation purposes, there could be certain limits which make the approach different from the items having a very small value.De minimis Tax Rule could be useful both for individuals and businesses in order to determine those situations.