Australia — Year-End Tax Reporting for Equity Compensation Awards

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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:

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