What is the income tax treatment of gift cards and products provided as trade rebates or promotions?
This question we have been asked explains the income tax treatment of gift cards and products provided by trade suppliers to trade customers (business to business) as trade rebates, promotions, or rewards for trade customers buying goods or services from trade suppliers.
Income Tax Act 2007 – ss CB 1, CE 1, CX 2(1), DA 1, RD 27(2) and RD 45