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Research Center : Development

Sep 29,2015 | Baker & McKenzie

Administrative Circular Eliminates Income Tax Withholding, Not Social TaxWithholding, on Equity Awards

As previously discussed in our April 2015 Clients & Friends Newsletter, on March 31, 2015 the General Secretariat of Public Revenues (“GSPR”) published an administrative circular (Circular No. 1072/31.03.2015) which provides that equity awards are deemed “benefits-in-kind” and not subject to income tax withholding.

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