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If you provide cryptoassets to your employees, you will need to account for PAYE or FBT on these payments.

These Public Rulings explain when PAYE or FBT may apply.

BR Pub 19/01: Income tax - salary and wages paid in cryptoassets

This Ruling considers whether cryptoassets received by employees are subject to PAYE.

This Ruling will apply for a period of three years beginning on 1 September 2019.

BR Pub 19/01

 

BR Pub 19/02: Income tax - bonuses paid in cryptoassets

This Ruling considers whether bonuses received by employees in cryptoassets are subject to PAYE.

This Ruling will apply for a period of three years beginning on 1 September 2019.

BR Pub 19/02

 

BR Pub 19/03: Income tax - employer issued cryptoassets provided to an employee

This Ruling considers how FBT applies where cryptoassets issued by an employer are provided to an employee.

This Ruling will apply for a period of three years beginning on 30 July 2019.

BR Pub 19/03

 

BR Pub 19/04: Income tax – application of the employee share scheme rules to employer issued cryptoassets provided to an employee

This Ruling considers whether the employee share scheme rules apply to some types of employer-issued cryptoassets provided to employees.

This Ruling will apply for a period of three years beginning on 1 December 2019.

BR Pub 19/04