Tax treatment for award

Question 1

1. Award for passing internal/ external examination (cash / non-cash)
2. Long Service / Retirement
3. Recognition for work performance (cash / non-cash) e.g. awards given to promote corporate culture and organising company events and attaining goals / targets
4. Payment for successfully referring friends or relatives to work for the company.
5. Zero/low Medical Leave (cash / non-cash)

Answer 1

1. Award for passing internal/ external examination (cash / non-cash) -> Threshold: $200
2. Long Service / Retirement
   - Cash:Taxable
   - Non cash:Threshold: $200
3. Zero/low Medical Leave (cash / non-cash) ->Threshold: $200
4. Recognition for work performance (cash / non-cash) e.g. awards given to promote corporate culture and organising company events and attaining goals / targets ->Taxable
5. Payment for successfully referring friends or relatives to work for the company->Taxable even if the award is also available to non-employees