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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 no
by 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 agoOf 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.