Australia — Year-End Tax Reporting for Equity Compensation Awards

13:49
 
Share
 
Manage episode 189428116 series 1288027
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

Host Brian Wydajewski introduces tax counsel Erica Kidston from Australia and San Francisco Global Equity Services partner Denise Glagau to discuss the annual tax reporting obligations that arise in July and August for companies granting stock-based awards in Australia.

Key Takeaways:

[1:20] Kidston details the reporting obligation to award recipients reporting in July, and information required in this report.

[3:15] Information on additional requirements for how reports must be completed.

[4:00] Details regarding the reporting obligations to the Australian tax office in August.

[7:02] Glagau addresses common questions and challenges that arise when businesses seek to comply with tax reporting obligations in Australia.

[10:05] Current levels of activity in the Australian tax office in regards to auditing companies on equity compensation.

[10:50] Common errors and solutions for employees who are faced with a taxable event without any means of paying it.

[12:58] Wydajewski summarizes the key aspects regarding unique tax issues when granting equity compensation in Australia.

Mentioned in This Episode:

Baker & McKenzie

Disclaimer:

Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a "partner" means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an "office" means an office of any such law firm. This may qualify as "Attorney Advertising" requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome. Before you send e-mail to Baker & McKenzie, please be aware that your communications with us through this message will not create a lawyer-client relationship with us. Do not send us any information that you or anyone else considers to be confidential or secret unless we have first agreed to be your lawyers in that matter. Any information you send us before we agree to be your lawyers cannot be protected from disclosure.

19 episodes available. A new episode about every 20 days averaging 12 mins duration .