Changes In The Taxation Of Employee Stock Options
| Published date | 03 August 2021 |
| Law Firm | Cobalt Legal |
| Author | Sandija Novicka and Elīna Ločmele |
On 17 December 2020 amendments to the Personal Income Tax Law were approved by the Latvian Parliament. As a result of the amendments, the exemption from payroll taxes in respect of employee stock options will cover also the options issued by limited liability companies.
So far the employee's income from stock options was exempt from payroll taxes provided that: (i) the stock options were granted pursuant to a stock option plan; (ii) the minimum holding period of the options (the period between the grant of...
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