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 23/04: Income tax - salary and wages paid in cryptoassets
This Ruling considers whether cryptoassets received by employees are subject to PAYE.
This Ruling applies from 2 December 2022.
BR Pub 23/05: Income tax - bonuses paid in cryptoassets
This Ruling considers when a bonus or an incentive received by an employee in cryptoassets will be subject to PAYE.
This Ruling applies from 2 December 2022.
BR Pub 23/06: 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 applies from 30 July 2022.
BR Pub 23/07: 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 applies from 1 December 2022.
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