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tax on overseas company share allocation for employees
Read the translation rules here : https://www.ato.gov.au/Business/Forex/In-detail/Translation-(conversion)-rules/Foreign-exchange-(forex)--the-general-translation-rule/ You may find the actual rate works for divs (ie the $AUD amount banked). You may find the daily or mnthly avg rates suitable...- Paul@PFI
- Post #4
- Forum: Accounting and Tax
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tax on overseas company share allocation for employees
The annual assessable income includes the "gifting" of the shares and any dividends they pay. The future CGT issues is determined by the $AUD value in the years acquired and the years sold. Fun and games !! Use the ATO official exchange rates- Paul@PFI
- Post #2
- Forum: Accounting and Tax
