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Kiera says: 18 July 2016 at 16:15 If a company gave an employee the right to use the company credit card for purchases at specific brands stores. If the employee has a loyalty card, and the company credit card purchases resulted in him earning a significant amount of reward points, what would the income tax implications be for the employee and their employer. |
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TaxTim says: 18 July 2016 at 16:19 There would be know real tax implications, more of a fortuitous gain and not taxable. |
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Kiera says: 18 July 2016 at 16:20 Could you explain why? |
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TaxTim says: 19 July 2016 at 9:36 There is currently no tax liability on customer loyalty card benefits (points). Should SARS start imposing tax on it, they will definitely inform members of this. |
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