Where a company has issued Employee Share Scheme interests (shares, options, performance rights etc) during the financial year, the company must provide:
- An ESS Statement to the employee by 14 July
- An ESS Annual Report to the ATO by 14 August
What is included in these reports?
The ESS reporting must include the taxable value of interests issued by the company during the financial year for each employee. This allows the ATO to data match with the employees’ tax returns, as well as allow the employees to pre-fill their tax returns when using e-tax to prepare their tax returns.
The ATO requires lodgement to be made electronically, and the forms can be lodged by:
- Using a Tax Agent to lodge through Online Services for Agents, or the business can lodge online through Online Services for Business
- Use software approved by the ATO to lodge the ESS statements or a service provider to assist with lodgement (e.g. Computershare)
For more information, see the ATO’s guide to reporting electronically: How to lodge your employee share scheme annual report electronically
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