The Australian Taxation Office (ATO) has recently issued the final version of Taxation Determination (TD) 2022/8 - Income tax: deductibility of expenses incurred in establishing and administering an employee share scheme. TD 2022/8 provides guidance on when establishment and administration costs can be claimed and generally applies both before and after its date of issue, 6 April 2022.
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What this Determination is about
1. An employer company may incur expenses in establishing and admi…