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Announcement of the Ministry of Finance and the State Administration of Taxation on Individual Income Tax Policies for Equity Incentives of Listed Companies
Ministry of Finance Announcement of the State Administration of TaxationNo. 2 of 2024
Validity: Full text validRelease Date:2024-04-17 Source: State Administration of Taxation Font Size:[Big] [Medium] [Small] Print this page] Text Download]Share:
In order to support the innovation and development of enterprises, the relevant personal income tax policies on equity incentives of listed companies are hereby announced as follows:
1. stock options, restricted stocks and equity awards granted to individuals by domestic listed companies, after filing with the competent tax authorities, individuals may, from the date of exercise of stock options, release of restricted stocks or acquisition of equity awards (hereinafter referred to as exercise),Pay personal income tax within a 36-month period. Taxpayers who leave their jobs within this period shall pay all taxes before leaving their jobs.
2. The term "domestic listed companies" as mentioned in this announcement refers to companies limited by shares whose shares are listed and traded on the Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stock Exchange.
3. this announcement fromFrom January 1, 2024 to December 31, 2027, taxpayers who exercise their rights during this period may be implemented in accordance with the provisions of this announcement. Taxpayers who exercise their rights after January 1, 2023 and have not yet paid all the taxes may be implemented in accordance with the provisions of this announcement, and the time limit for paying taxes in installments shall be calculated from the date of their own right.
4. the securities regulatory authorities and the tax authorities to establish an information sharing mechanism to share information on equity incentives of listed companies with the tax authorities on a quarterly basis, and the financial, tax and securities regulatory authorities to jointly implement the policy.
5. the following documents or provisions shall be repealed simultaneously:
(I) Ministry of Finance Notice of the State Administration of Taxation on Improving Income Tax Policies on Equity Incentives and Technology Shares (Finance and Taxation 〔2016] No. 101) Article 2, item (I).
(II) Ministry of Finance Notice of the State Administration of Taxation on the Equity Incentive Installment Tax Policy in the Core Area of Zhongguancun National Independent Innovation Demonstration Zone (Haidian Park) (Finance and Taxation 〔2022 No. 16).
It is hereby announced.
Ministry of Finance General Administration of Taxation
April 17, 2024
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