1. Home
  2. Income
  3. Bonuses (Recruitment, Awards, etc)

Bonuses (Recruitment, Awards, etc)

If you receive a bonus (e.g. for recruitment purposes or if you are selected for an award), the amount you receive is treated as Income for tax purposes.

Depending on your tax rate, the percentage of tax against the bonus may vary.

Log any such bonuses as Income on your tax return (add to the overall income amount) as these will count towards your earnings for the year.

Tip: You can avoid advertisements by logging into your MalgraBooks account
Updated on February 17, 2023
Was this article helpful?
Need Support?
Can't find the answer you're looking for?
Contact Support