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  • Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Reporting if employees engage in foreign service

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Employees engaged in foreign service may be assessable on only a portion of the discount of the ESS interest acquired.

    Further information

    For information about the tax treatment of employee share schemes for employees engaging in foreign service, refer to Foreign income exemption for Australian residents and temporary residents - employee share schemes.

    End of further information

    To meet your ESS reporting obligations, if you are able to calculate the portion of the discount assessable to an employee, you may report the actual assessable amount of the discount (after taking into account foreign service) to the employee and to us.

    If this amount cannot be reported by the due date:

    • report the gross amount by the due date
    • when known, you may choose to report the actual assessable amount on an amended report.

    You may also choose to tell employees whether you have reported the actual amount or the gross amount. If you report the gross amount, advise your employees to seek independent tax advice.

    Further information

    For more information about your reporting obligations, refer to Employer obligations in Employee share scheme - guide for employers.

    End of further information
      Last modified: 25 Jun 2013QC 35310