- 7 Marks
AT – Nov 2015 – L3 – Q1c – Business income – Corporate income tax
Treatment of shares issued to employees by the parent company for tax purposes.
Question
Staff of ABC Bank Ghana Limited have been issued shares by ABC Bank Limited – United Kingdom (the Parent company). The shares have been vested and are available to be sold immediately by the beneficiary staff.
Requirement:
With the support of the provisions of the relevant tax laws, how will the above be treated for tax purposes, if any?
Find Related Questions by Tags, levels, etc.
- Tags: Corporate Income Tax, Employment Income, Shares, Taxation of benefits
- Level: Level 3
- Topic: Business income - Corporate income tax
- Series: NOV 2015
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