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Global Rewards Updates
Global employer services
Updates on the treatment of equity
Recent alets
June 2021: Australia Global Reward Update
Change to Deferred Income Tax Point for Employee Share Schemes.
June 2021: Canada Revenue Agency Update – Taxation of RSUs
Further to our GRU published in May 2021 this supplemental document sets out some additional information with regards to the new guidance issued by the Canada Revenue Agency (CRA). At this stage we appreciate there are still questions outstanding and we will provide additional information once further guidance/ comments are issued by the CRA.
June 2021: Ireland New Employer Share Scheme Reporting
Historically the relevant section of legislation included a requirement for all share awards to be reported by 31 March unless the particulars were reportable under any other provision of legislation. Where share awards were reported via payroll, employers typically relied on this as satisfying their reporting requirements.
Archive alerts
May 2021: Canada Global Reward Update
Canada Revenue Agency Update – Taxation of RSUs.
March 2021: Canada Global Reward Update
Canadian Federal Economic Update – Employee Stock Options.
March 2021: Ireland Global Reward Update
Ireland Employer Share Scheme Reporting.
March 2021: Finland Global Reward Update
The Finnish Parliament has recently approved a new employee share issue regime. This applies to shares issued directly to employees of non-listed companies located in the EEA. The aim of the new regime is to attract, engage and retain talent through share ownership, particularly in start-up and growth companies. The new rules also seek to clarify ambiguities that arise under existing legislation in relation to company valuation and determining the fair market value of the shares. The new rules came into force on 1 January 2021.
January 2021: Luxembourg Global Reward Update
The three key changes that impact employee reward
October 2020: UK Global Reward Update
HMRC’s Tax Advantaged Share Schemes (“TASS”) research
January 2020: Canada Global Reward Update
Canada delayed implementation of proposal to introduce an annual cap on beneficial stock options treatment
January 2020: Greece Global Rewards Update
Greece tax favorable treatment for shares acquired under stock option plans
October 2019: United Kingdom Global Rewards Update
UK annual share plan returns Reporting of awards that are net settled
June 2019: Belgium Global Rewards Update
Belgium Supreme Court ruling on Social Security
May 2019: China Global Rewards Update
Guidance issued on taxation of income from stock incentive plans
April 2019: Saudi Arabia Global Rewards Update
Kingdom of Saudi Arabia ("KSA") – Legislative simplification for employee share plans
April 2019: Canada Global Rewards Update
Canadian budget proposal to introduce a CA$200,000 annual cap on beneficial treatment of employee stock options for large companies.
March 2019: Singapore, Ukraine and Denmark Global Rewards Update
- Recent regulatory updates in Singapore, Ukraine and Denmark have resolved some outstanding issues affecting the operation of share plans in these jurisdictions.
- From 1 April 2019, companies in Singapore may no longer need to seek Ministry of Manpower approval before making payroll deductions for purchased shares.
- Replacement of the license system with new exchange control rules in Ukraine should make it easier for companies to operate share plans in Ukraine.
- Changes to employment law in Denmark should make it easier for companies to enforce their good/bad leaver provisions.
November 2018: Belgium Global Rewards Update
Belgium - Draft legislation to require taxable stock compensation income reporting and withholding for foreign company plan benefits. Social security authorities also target foreign company plan benefits
November 2018: New Zealand Global Rewards Update
Changes to the Taxation of Employee Share Schemes
August 2018: Belgium Global Rewards Update
Tax reporting and withholding in Belgium - Update
May 2018: New Zealand Global Rewards Update
Employee Share Scheme Reporting
September 2017: South Africa Global Rewards Update
South Africa – New tax directive application form introduced for employee share plans
September 2017: South Africa Global Rewards Update
South Africa – New tax directive application form introduced for employee share plans