ATO releases guidance on ESS establishment and administration
The ATO has published Taxation Determination TD 2022/D2 – Income tax: Deductibility of expenses incurred in establishing and administering an “employee share scheme” that provides guidance on when the establishment and administration costs can be claimed.
If a company provides an employee share scheme (ESS), the company may be able to claim a deduction for the expenses that have been incurred in establishing and administering an employee share trust (EST) that holds shares or rights for employees participating in the ESS.
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