Do you pay tax on cash back from loyalty programs

By Marc Sevitz · Updated

I work as a sole proprietor, I belong to discovery and get a cash back bonus every month, do I need to treat this as income and pay tax on it?
TaxTim Marc

TaxTim Marc said:
9 December 2014 at 8:29

No you do not need to pay tax on this amount given back to you as it does not constitute income.
Emmett

Emmett said:
10 December 2014 at 10:36

Super, thanks very much for the reply. I know they are trying to tax it in the UK, just wasn't sure if we were heading the same way.
TaxTim Marc

TaxTim Marc said:
10 December 2014 at 15:32

It will probably come to South Africa in short time as in theory it could be considered some form of income.