• Personal credit card payments

    This is an expense payment fringe benefit.

    The taxable value is the amount you reimburse. This will be regardless of the items of expenditure incurred under the credit card agreement - that is, purchases of goods, services or cash advances. If the goods or services bought by the employee are work-related, the taxable value can be reduced by the otherwise deductible rule (refer to section 9.4).

      Last modified: 20 Jan 2014QC 17823