Income Tax - Cryptoassets and employees

These draft public rulings are a reissue of BR Pub 21/01, BR Pub 21/02, BR Pub 19/03 and BR Pub 19/04.

Income tax salary and wages paid in cryptoassets

This ruling considers when employee remuneration paid in cryptoassets will be a “PAYE income payment” under s RD 3 for which the payer of the cryptoassets will have PAYE obligations.  This draft public ruling is a reissue of BR Pub 21/01.

Income tax – bonuses paid in cryptoassets

This ruling considers when a bonus or an incentive paid in cryptoassets will be a “PAYE income payment” under s RD 3 for which the payer will have PAYE obligations. This draft public ruling is a reissue of BR Pub 21/02.

Income tax – employer issued cryptoassets provided to an employee

This ruling considers when cryptoassets issued by an employer and paid to an employee will be a fringe benefit, how the benefit is valued and the time at which the benefit is provided. This draft public ruling is a reissue of BR Pub 19/03.

Income tax – application of the employee share scheme rules to employer issued cryptoassets provided to an employee

This ruling considers when the provision of cryptoassets to an employee will constitute an employee share scheme in respect of which an employee derives a taxable benefit that is employee income under s CE 1(1)(d). This draft public ruling is a reissue of BR Pub 19/04.

If you would like a copy of this in Word, contact us using the feedback button below.