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MAY 9, 2011 |
CHANGES TO IRISH TAX LAWS IMPACT TAX
TREATMENT OF EMPLOYEE STOCK AWARDS
by Dean Fealk, John Gulliver and Cormac Brown* |
Recent changes in the Irish Finance Act of 2011 significantly impact the way employee stock awards are taxed.
Among these changes:
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Employers are now responsible for tax withholding on whole share awards, such as restricted stock and restricted stock units
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Social insurance contributions apply to employers and employees and the Universal Social Charge, a new tax, now applies to the full range of employee share awards, including stock options, restricted stock and purchase rights under an ESPP
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Learn more about these changes.
* John Gulliver is Head of Tax and Cormac Brown is Director of Tax at Mason Hayes+Curran in Ireland.
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DLA Piper's Global Equity and Human Capital group helps multinational companies avoid common cultural and legal obstacles they face in connection with their employees around the world.
For more information about the impact of these changes on your business, please contact:
Dean Fealk
John Gulliver
Cormac Brown
We have prepared a series of Global Equity Desk Reference Guides designed to help multinational companies implement their equity compensation programs. To read our guides,
please click here.
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