Employee share ownership plan – Part II

Binding Class Ruling 069 was issued on 23 October 2019 and relates to the tax implications that arise in respect of proposed employee share schemes (“the Schemes”) in terms of the Income Tax Act and the Eighth Schedule.[1] The applicant is a listed resident company that intends to implement new share incentive schemes, which will […]

Employee share ownership plan – Part I

Binding Class Ruling 069 was issued on 23 October 2019 and relates to the tax implications that arise in respect of proposed employee share schemes (“the Schemes”) in terms of the Income Tax Act and the Eighth Schedule.[1] The applicant is a listed resident company that intends to implement new share incentive schemes, which will […]