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

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 · Accepted Answer

JodieR_ATO · Answer

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 (https://community.ato.gov.au/s/question/a0J9s0000001Fc5/p00036319) and check out the entire thread here.

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