PwC's monthly newsletter reporting on developments impacting global stock plans.
PwC's recent summary of global developments impacting stock plans.
Tax updates for Argentina, Finland, France, Germany, Ireland, Latvia, Netherlands, Philippines, and Romania. Filing updates for Australia, Hong Kong, Ireland, Japan, Luxembourg, Portugal, and the UK.
PwC's summary of recent developments in France, New Zealand, and the Philippines.
Withholding tax reform postponed to January 1, 2019; Refund of employer social contribution paid at grant of
qualified awards; Estate & investment income tax reform as from 2018.
PwC's report of new developments in Australia, Canada, France, and the United Kingdom.
A recent decision of the French Constitutional Court has held that employer social contribution payments made at grant on certain tax qualified free share awards may be able to be reclaimed if the award fails to vest.
Recent developments impacting stock compensation plans in Belgium, Chile, Croatia, France, Korea, Romania, and the UK.
The French Minister of Finance has confirmed the introduction of French withholding tax effective 1/1/2018.
The new law (Loi Macron), which introduces changes to the requirements and tax and social tax treatment of French-qualified restricted stock units (“RSUs”), was finally published in the Official Gazette on August 7, 2015.
Following on from our Global Rewards Update in December 2014, the changes to the qualified free share award regime in France have now been approved by the French Senate and have therefore been adopted into law.
A new law (Loi Macron) has been introduced that would result in significant (and mostly positive) changes to the requirements and tax treatment of French-qualified RSUs.
Until recently, the allocation of qualified free shares was not subject to any legal constraints in France, unless shareholders decided otherwise.
Following the Constitutional Court decision, the French government has now adopted into law a package of tax measures. This Global Rewards Update (GRU) is a follow up from our November 2013 GRU. It provides an overview of the key measures relating to equity plans.
The 2014 French Social Security Financial and Income Tax Bills being discussed before the French Parliament will introduce some chanqes to the income tax and social security rates and bands. The Bills are expected to pass into law shortly and the changes will take effect from 1 January 2014.
The President of France announced two tax propositions in a televised interview last week that are of particular interest to multinational companies with employees in France. Most notably, he reintroduced the 75% tax rate
for highly compensated individuals.
On 29 December 2012, France’s Constitutional Court issued its decision on measures in the 2013 Finance Law, concluding that all the measures affecting companies were valid, but striking down some controversial provisions relating to individuals. The decision cleared the way for the relevant finance laws to come into effect on 30 December 2012.
The French government announced on September 28, 2012, a series of measures that would significantly increase the taxes borne by wealthy individuals, with some of the proposed increases to apply to income earned as of January 1, 2012. The measures, which also include important changes affecting companies, are part of the draft finance bill for 2013.
The supplementary budget act submitted on Tuesday July 3, 2012, to the Council of Ministers provides for a higher taxation of stock-based compensation and for a sharp rise in the “forfait social” on employee profit sharing schemes.
In France, a specific tax regime is available for the grant of stock options, free shares, and Bons de Souscription de Parts de Créateurs d’Entreprise (BSPCE) when certain reporting requirements are met by the company and the beneficiaries.
At the end of 2010, the French government proposed, in the Loi de Finances Rectificative for 2010, the introduction of a new article 182 A ter to the French Tax Code (“article 182 A”). These proposals have since been adopted, and the new article 182 A will subject all equity awards held by French non-residents to income and social tax withholding at either vesting (e.g. in the case of restricted
The French government has adopted the 2011 French Tax Act and Social Security Financing Act (“new legislation”). This new legislation has raised tax rates generally, and in particular, those applicable to equity income in France.