TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

---

Q: My company has a referral programme for staff to refer new employees to the company. Is the referral reward taxable? Is it considered an employment income?

A: Yes, referral rewards are generally taxable and are treated as employment income when they are paid by your employer as part of staff incentives. The referral reward should be declared in the employee’s Form EA as part of the employment income.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

Subscribe To Our Newsletter To Get Weekly Dose of Tax Knowledge!

Email:

We respect your email privacy