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fi2020(Initiate)Initiate
5 June 2022

The Hiver Bank Everyday Account gives 5% cashback on eligible purchases (https://hiver.bank/products/everyday/) while HSBC Everyday Global Account gives 2% cashback on eligible tap and pay transactions (https://www.hsbc.com.au/accounts/products/everyday-global/).


With regards to the above debit card cashback:

1.) Does debit card cashback need to be included in the individual income tax return?

2.) Is debit card cashback taxable?


I have seen a previous post regarding credit card cashback, so I am guessing the above debit card cashback is not taxable and does not need to be included in the individual income tax return. I would appreciate any reply & it would be great if you have a link to a reference if available.

6,235 views
1 replies
6,235 views
1 replies

Most helpful response

Most helpful reply

JodieR_ATO(Community Support)Community Support
8 June 2022

Hi @fiato,


You're correct. Cashback rewards are treated similarly to receiving points/bonus redemptions from credit cards where they aren't considered assessable income. However, if it's in the course of carrying on a business there are conditions where cashback's maybe taxable.


We've answered a similar post on our forum, you can view our response and check out the entire thread here.

All replies

Most helpful reply

JodieR_ATO(Community Support)Community Support
8 June 2022

Hi @fiato,


You're correct. Cashback rewards are treated similarly to receiving points/bonus redemptions from credit cards where they aren't considered assessable income. However, if it's in the course of carrying on a business there are conditions where cashback's maybe taxable.


We've answered a similar post on our forum, you can view our response and check out the entire thread here.

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Bank account debit card cashback - is it taxable and does it need to be included in the tax return? | ATO Community