15 December 2009

New Taxation of Employee Share Scheme Provisions

Tax Laws Amendment (2009 Budget Measures No. 2) Bill 2009 (the Bill), which contains the new taxation provisions in respect of employee share schemes, passed the Senate on 2 December 2009 and received Royal Assent on 14 December 2009. In this article, we outline how the changes to the taxation of employee share schemes contained in the Bill will impact on shares issued and options granted pursuant to employee share schemes both prior to and after 1 July 2009, the retrospective start date for the new provisions. Media contacts: Peter Slattery, Managing Partner Phone. +61 8 8239 7114 Mobile. +61 419 819 348 Email. peter.slattery@jws.com.au Andrea Shaw, Communications Manager Phone. +61 8 8239 7148 Mobile. +61 412 711 966 Email. andrea.shaw@jws.com.au

Download: ESS Tax Provisions (59 Kb)

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