KPMG in Australia Releases Newsletter on Taxation of Employee Share Scheme Legislation
KPMG in Australia Releases Newsletter on Taxation of Employee Share Scheme Legislation
On 21 October 2009, the Australian government introduced the Tax Laws Amendment (2009 Budget Measures No.2) Bill 2009 into Parliament. The Bill contains the government’s proposed amendments to the taxation of employee share schemes (ESS) which should be the final step in the legislative process which commenced with the Budget announcement on 12 May 2009.
The KPMG International member firm in Australia has prepared a “Reform in Focus” newsletter Reform in Focus Brief 09 TiF Tax Laws Amendment (2009 Budget Measures No.2) Bill 2009, summarizing the significant changes in the Bill compared to the Exposure Draft released in August 2009.
Source: KPMG