An Early Stage Innovation Company (ESIC) that meets ATO criteria on either 100 points basis or Principles Test contained in Div360 of the Income Tax Assessment Act 1997.
To encourage investment in Early Stage Companies that are involved in innovation in Australia.
In order to claim the incentives the ESIC needs to upload company details and details of eligible shares issued during the financial year by 31 July in the following year. Investors will need to let the company know of their intent to opt in after which the company. The company can lodge the report using their ATO Business portal access or contact their tax agent to lodge on their behalf.
31 July following the financial year in which eligible shares are issued.
We can walk you through the eligibility requirements, assist with the information collation and lodgment process and lodge on your behalf. Reach out to your account manager if you think you might be eligible.