I referred Revolut to a couple of friends and once they joined, I got around $200 as referral bonus. Are these amount taxed?
If yes, what category shall I put them in as they are not salary nor business income?
Hi @user41,
Generally, the nature of assessable income is that it is regular and relied upon. Whether your referral bonus is taxable would depend on how often you receive the payments and whether these amounts are expected.
If you meet these requirements, and you need to report the amounts, you record it under 'other income' in your tax return.
Thank you for your reply @RachelATO. I received a total of 2 bonuses each $110. These amounts were expected as it was advertised by Revolut. I also received around USD 25 by playing games within the app. Do they qualify as assessable income ?
Hi @user41,
Without looking at all the relevant documents, we can't give you a definitive answer. We can get you to the info you need (the linked page above) so that you can self-assess and make that determination yourself.
If you want us to give you a written decision that you can rely on, reach out to our tailored technical assistance team. They will call you and establish all the facts of that payment and give you an answer.
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