3 ms·

Any idea how such rewards get taxed ?

• q3k 8y ago
  On the receiving end if you're non-US-based? You're supposed to figure it out yourself (ie. pay local applicable income tax), they just want a W8BEN. Source: got a Google VRP reward.
  • Karishma1234 8y ago
    so US government does not take an cut ?
    • dannyw 8y ago
      The US govt doesn't take a cut if you pay an overseas contractor X for Y.
• madeofpalk 8y ago
  I would expect that in most jurisdictions (well, if they're like Australia) that income is income, and it just goes onto your taxable income.
  • dannyw 8y ago
    In Australia, only if you are engaged in a business activity. This means that if you come across some small bug and get a bounty of $1000, then it's probably not even taxable income.
    • madeofpalk 8y ago
      Of course it's taxable. Unless its a gift which, a payout from a company for completing work which the ATO will say is not a gift, then it's income and it'll get added onto your taxable income and tax appropriately. For something like a bug bounty payout, you'll have to declare it yourself as other income.