Do I need to pay cashback tax?

Cashback is a refund of part of the expenses. For example, a bank promises to pay customers 1% of all purchases. The cardholder spends 40 thousand rubles on it per month and receives 400 rubles for it.

Cashback has a significant advantage over other bonus programs. Here, the client is not offered to accumulate points in order to pay with them in partner stores of the bank. Real money is returned to a person, with which you can pay for anything and anywhere or withdraw it in cash.

Now various banks and shops sometimes call their programs cashback, according to which points are awarded. But, strictly speaking, they are not. CashbackCashback / Cambridge Dictionary It's just a money back.

But since funds periodically come to the account, a logical question arises: is cashback considered income? And if so, do you have to pay for it? personal income tax? We understand this issue.

Is cashback taxable?

If you have ever looked at someone else's budgets

or spending diaries, you may have noticed that some people classify cashback as income. This is not entirely true, because cashback implies mandatory spending. And it would be more correct to call it economy, discount. It's just a different mechanism. If you buy a product on a promotion, then money is not debited from you. If under the cashback program, then the funds first leave the card in full, and then part is returned. That is, it is not necessary to talk about income in the direct sense.

So there is no need to pay tax on money received in the form of cashback, which is reflected in the tax codeTax Code of the Russian Federation, article 217 "Income not subject to taxation (exempt from taxation)". However, the same applies to bonuses, points and other reward options for the purchase of goods and services.

What other receipts on the card do not need to pay tax

Not only cashback is exempt from taxes. This also applies to some other credits to the card. For example:

• Debt repayment. They just give you what's yours, it's not income.
• Benefits, compensation, payments from the state. The exception is sick leave payments - 13% will be taken from them.
• Pensions and scholarships.
• Money as a gift from people - acquaintances and strangers. From companies and individual entrepreneurs, you can get only 4 thousand rubles without tax. If the amount is greater, the difference is taxable.
• Remuneration to donors of blood, mother's milk.
• Alimony.