Taxation Ruling 2019/1

Taxation Ruling 2019/1 clarifies how the Australian tax law applies to employee share schemes, specifically when employees receive shares or options as part of their compensation. It explains the tax timing and treatment of these benefits, including when they are considered to be taxable income and how to calculate their value. The ruling aims to provide clarity for both employers and employees, ensuring they understand their tax obligations related to share scheme benefits, and highlights conditions under which some plans may be eligible for tax concessions or different treatment options.