Because it’s not income, it’s more like a discount. Cashback means they give you 5% or whatever, for using their card or service. You’re saving money, not making it.
Anonymous 0
Comments
It isn’t really income. If anything, it’s really a discount. You have to spend your money to get cash back. In practice, all they really did was give back to you money that was already yours.
Anonymous 0
Comments
Because its money you never had, and the card company offering you say 10% cash back is really saying you can borrow €10 and pay us back €9 (they’ll still get you through fees and interest)
You’re not profiting from the arrangement so you wouldnt pay tax on it
Anonymous 0
Comments
Credit cards charge vendors a percent to accept credit cards.
In return they actually give you a smaller percentage.
Latest Answers