- There are no income or social security taxes.
- The taxable amount is the amount by which the market value of the shares on exercise exceeds the exercise price.
Other / Notes
Once a Participant has acquired shares in the Company, they will pay tax at 10% (where the Participant holds a tax ID) or at 15% otherwise. There are withholding obligations for the Local Company.
Corporate Tax Deduction
A Corporate Tax Deduction will not be available in respect of equity Awards on the basis that the cost of Awards are not a permitted expense and so cannot be provisioned as a cost in the Local Company's accounts.