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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
1

Die inkomstebelastingimplikasies van aandele-aansporingskemas in Suid-Afrika

15 August 2012 (has links)
M.Comm. / In the case of share purchase schemes, the employer assists the employee to buy shares through a trust. If the interest on the loan is at a rate lower than the standard rate for tax purposes, the employee will be taxed on the difference between the standard and actual rate charged. An alternative for buying ordinary shares is to buy convertible preference shares in the Company. A scheme involving convertible debentures has the same basic principles as convertible preference shares, but the South African Revenue Services might use section 8A of the Act as it seems as if only a right to ordinary shares is offered to the employee. If the company does not have the means to administrate any of the schemes summarised above, they can make use of a phantom share scheme. With this scheme there is no actual buying or selling of shares, but "bonuses" are calculated with reference to the movement in the share price. These incentives are treated as normal bonuses for tax purposes in the hands of the employer and employee. To provide the employees with a tax effective scheme is just as important as providing a share incentive scheme. Companies, therefore, have to consider all the schemes available and the tax implications before implementing a share incentive scheme.

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