ESOP amendment: 5 different interpretations and we are only at the beginning
The business community has enthusiastically embraced the recently approved amendment to the Income Tax Act (“ITA“), which aims to not tax/tax acquired shares in companies for the so-called. ESOPists (the “ESOP Amendment“). So let us break down what was actually adopted: In addition to income exempt from tax under Section 9, income provided as a […]
