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Tax on loyalty rewards

Posted 19 July 2016 under Tax Questions


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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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TaxTimTaxTim says:
18 July 2016 at 16:19

There would be know real tax implications, more of a fortuitous gain and not taxable.


Kiera says:
18 July 2016 at 16:20

Could you explain why?


TaxTimTaxTim 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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