Employee incentives have been found to improve productivity and morale in many workplaces. One of these incentive methods constitute the granting of shares and participation rights in the entity based on various criteria.
However, one must never forget about SARS with these schemes, and the fact that tax will also play its part in the vesting of shares in employees and directors.
We offer a session to discuss and address these tax implications on share schemes for employees.
This session will address matters including, but not limited to, the following:
• The tax implications of employee share schemes, including those governed by:
o Section 8A: Gains made by directors on marketable securities
o Section 8B: Broad-based employee share schemes
o Section 8C: Other shares vesting in directors and employees
• Other tax implications of share transactions (excluding asset for share transactions and dividends and distributions)
