If you receive vouchers to pay for parking and meals when participating in a clinical trial, is this subject to tax?
Hi @LeoLai
Reimbursements: If the payments (or vouchers) are purely reimbursements for out-of-pocket expenses like travel, parking, and meals, then they are generally not considered assessable income (i.e. not subject to tax).
Payments for Services: If the payments are for your time and participation, rather than just covering expenses, they are generally considered assessable income.
For a list of what is not considered to be income please check here.
All replies
Hi @LeoLai
Reimbursements: If the payments (or vouchers) are purely reimbursements for out-of-pocket expenses like travel, parking, and meals, then they are generally not considered assessable income (i.e. not subject to tax).
Payments for Services: If the payments are for your time and participation, rather than just covering expenses, they are generally considered assessable income.
For a list of what is not considered to be income please check here.
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