Draft Taxation Determination
TD 1999/D28W - Withdrawal
Income tax and fringe benefits tax: is a reward (other than a 'flight reward') received under a 'consumer loyalty program' that results from business expenditure assessable as income or subject to fringe benefits tax?
Please note that the PDF version is the authorised version of this draft ruling.
FOI status:may be released
Notice of Withdrawal
1. The purpose of draft Taxation Determination TD 1999/D28 was to indicate circumstances in which a reward (other than a 'flight reward') received under a consumer loyalty program that resulted from business expenditure could be assessable income or be subject to fringe benefits tax.
2. Law Administration Practice Statement, PSLA 2004/4(GA), which issues today, explains the Commissioner's approach to the treatment of rewards which are received under a consumer loyalty program that results from points accrued from business expenditure.
Commissioner of Taxation
14 July 2004