2024 Employee Share Scheme (ESS) Tax Reporting

5 Jun 2024

With 30 June fast approaching, now is the time to start preparing for your 2024 employee share scheme (“ESS”) tax reporting obligations.

The ATO have several requirements which must be met by all organisations who operate employee share schemes involving the grant of shares, options and rights.

Failure to meet these obligations may result in administrative penalties.

Reporting obligations include:

  • Correctly identifying taxing points in accordance with relevant legislation. Taxing points could be triggered by the grant, vesting or exercise of employee equity.
  • Providing an ESS statement to participants by 14 July 2024
  • Lodging an ESS annual report to the ATO, electronically and in the approved format, by 14 August 2024

BoardRoom can take the hassle out of tax time. Our experienced Employee Plan Services team can assist you with meeting your obligations in a fast, efficient and cost-effective manner.

Speak to our team of experts today if you would like to find out more about how BoardRoom can assist you with ESS Tax reporting.

Contact BoardRoom for more information:

David Park

Business Development Manager

+61 2 9290 9658