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If you’ve provided incentives or rewards to your employees for getting their COVID-19 vaccination or booster dose, it’s important to understand what your tax and super obligations are.
Incentives and rewards may include:
If you’ve provided your employees with a cash payment, you must:
If you’ve provided non-cash benefits, you may have to pay fringe benefits tax on them, unless an exemption applies.
Remember, we are here to help you with your tax. Contact us on 0481 953 556 or email us at firstname.lastname@example.org to find out more.
Source: ato.gov.au.2021. Rewarded staff for getting their COVID-19 vax?. Link available here.