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Global Share Plan Update (September 2024)

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We have released the September 2024 edition of our “Clients & Friends Newsletter,” which reviews the latest developments impacting share plans globally.

Explore the newsletter, and/or register for our upcoming October 8th webinar, to learn more about the impact of the following tax, legal and regulatory changes on your share plans:

  • Albania: New Law on Income Tax Impacts RSU Vesting 
  • Brazil: Proposal to Reduce the Tax on Financial Transactions in Brazil and Stock Option Taxation Updates
  • Canada: Changes to Taxation of Stock Options and Capital Gains
  • China: Change in Shanghai SAFE Policy on Forced Sale Requirement, Updated SAFE Registration Form, and Potential New SAFE Reporting Requirements
  • Czech Republic: Tax Treatment of Stock Options Update and Social Tax Treatment Now Aligned with Income Tax Treatment
  • Denmark: Application of Danish Stock Option Act: Recent High Court Cases
  • Germany: Changes to the Application of the One-Fifth Rule for the Taxation of Equity Awards
  • India: Potential Offset on the Tax Collected at Source​
  • Ireland: Win for Taxpayers in Ireland’s First Transfer Pricing Case
  • Israel: Changes in Tax Reporting (Effective 1/1/2025)
  • Philippines: Deduction of SBC Expenses
  • Russia / US: US-Russia Tax Treaty Suspended
  • Vietnam: Changes to Offshore Share Plan Implementation Requirements 
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Author

Barbara Klementz is the chair of Baker McKenzie’s North American Compensation Practice. She has practiced in the area of global equity and executive compensation for over 20 years. Barbara is a Thomson Reuters Stand-out Lawyer for 2024 and recognized as a ranked practitioner by Legal 500 for Employee Benefits: Transactional and by Chambers USA. Client feedback in Chambers states that "Barbara is absolutely phenomenal" and "Barbara is incredibly impressive in terms of expertise and the ability to be pragmatic and practical. She knows the laws and rules in a staggering number of countries." Barbara is admitted to private practice in California and Düsseldorf, Germany. Barbara focuses her practice on global equity compensation programs, executive compensation and employee benefits. She regularly advises multinational companies on implementing their equity compensation and other incentive programs worldwide – particularly as it relates to tax and securities law matters and exchange control regulations. Barbara also frequently advises on the treatment of such programs in corporate transactions, including mergers and acquisitions, spin-offs and divestitures, as well as on the tax treatment of cross-border employees participating in such programs.

Author

Jennifer Kirk is a partner in Baker McKenzie’s Employment & Compensation Practice, with a focus on global equity services. Jennifer is a member of the National Association of Stock Plan Professionals and a frequent speaker on global equity plan issues. Prior to re-joining the Firm, Jennifer was Director of Global Equity Management at Alphabet, Inc./Google Inc. for almost 8 years. She previously had been a partner in Baker McKenzie's Global Equity Services group. Jennifer advises multinational companies on all aspects of employee equity plans, including their design, implementation and compliance. She regularly assists public and private companies in offering their employee equity plans around the world. In addition, she counsels clients on the effects of corporate transactions on their equity compensation programs.

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