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ATO Releases Draft Taxation Determination on Claiming Employee Share Scheme Establishment and Administration Expenses

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) recently announced the release of draft Taxation Determination (TD) 2022/D2 - Income tax: deductibility of expenses incurred in establishing and administering an 'employee share scheme' which provides guidance on when establishment and administration costs can be claimed.

When the final Determination is issued, it is proposed to generally apply both before…

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