Rewards Program and Taxes Print

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How rewards are treated depends on your circumstances.

WHAT WE CAN TELL YOU

What rewards you earned, when, what you redeemed, and what credit was applied. Your rewards history and invoices hold this.

WHAT WE CANNOT TELL YOU

How to treat it for tax purposes. That depends on your residence, whether you operate as an individual or a business, the amounts involved and local rules. Speak to an accountant.

PRACTICAL POINTS

Where rewards are redeemed as credit and applied to invoices, the invoice shows the credit applied and the amount actually paid. That is your record. If you operate as a registered business, make sure your Client Area account carries the business details so invoices are correct.

IF YOUR ACCOUNTANT NEEDS DOCUMENTATION

Open a ticket describing what is required. We can usually provide a statement of rewards activity for a period.

DO NOT

Rely on assumptions about treatment. The amounts are usually modest, but it costs less to ask an accountant once than to correct it later.


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