Offering COVID-19 vaccination incentives? Consider the tax implications

Hayley Lock, George Cressey and Michelle O’Grady outline what employers need to know for payroll and FBT purposes, when it comes to COVID-19 vaccination incentives and rewards.

Many employers have been encouraging employees to get COVID-19 vaccinations with incentives and rewards. While tax is perhaps not front of mind when these incentives are being designed, it is important for employers to consider the Superannuation Guarantee (SG), pay-as-you-go withholding (PAYGW), fringe benefits tax (FBT) and payroll tax implications of offering these incentives to employees. The Australian Taxation Office (ATO) has released a fact sheet for employers on this topic, and whi...

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Authors: Hayley Lock, George Cressey

Published Date: 09 December 2021