CR 2018/32 – Mantra Group Limited: Employee Share Scheme – Tax Exempt Share Plan Shares disposed of under Scheme of Arrangement – disposal of tax exempt share plan shares

Tax Month - July 2018

On Wed 18.7.2018, the ATO issued Class Ruling CR 2018/32 (Mantra Group Limited – Employee Share Scheme – Tax Exempt Share Plan Shares disposed of under Scheme of Arrangement). This ruling considers the application of the employee share scheme rules in Div 83A of the ITAA97 to employees of Mantra Group Limited whose shares in the…

Draft legislation to broaden the definition of ‘significant global entity’ to include notional groups headed by unlisted entities, partnerships and trusts – also a separate definition of ‘CbC Reporting Entity’ (similar but not the same)

Tax Month - July 2018

On Friday 20 July 2018, Treasury released draft legislation to extend the definition of a significant global entity (SGE) by including members of large multinational groups headed by proprietary companies, trusts, partnerships and investment entities. For the moment, this draft is styled the: Treasury Laws Amendment (Measures for a later sitting) Bill 2018. This measure was…