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Oct 2008
Recent updates to the Equity Remuneration Incentive Schemes
Generally, gains from stock options and other forms of equity-based compensation granted in respect of the Singapore employment are taxable in Singapore. Over the years, a number of tax measures have been implemented to enhance the tax treatment of such gains through the implementation of the various tax incentive schemes.
On 5 August 2008, the Inland Revenue Authority of Singapore published updates to three Circulars which set out the tax concessionary treatment to gains from share based compensation schemes. Following the 2008 Singapore Budget Announcement, the existing Entrepreneurial Employee Equity-Based Remuneration and Company Employee Equity-Based Remuneration schemes will now be re-named under one umbrella scheme called Equity Remuneration Incentive Scheme (ERIS). Find out more about the tax incentives under these schemes in this News Alert.
Get your copy here
Read more by downloading our International Assignment News Alert (Oct 2008) (pdf file, 52KB) for your reference.
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