fide transaction between the corporation and the shareholder. Laliberté appealed, arguing that he went to space for a stunt-type promotional activity on behalf of Cirque du Soleil and the One Drop charity.To determine whether Laliberté's corporate-paid trip to space was a taxable benefit, the Tax Court considered the purpose of the trip, the circumstances surrounding the commitment made to take the trip, the nature of the promotional activities, and the corporate accounting and tax treatment of the expense. Notwithstanding there are no foreign exchange restrictions applicable to restricted stock or RSUs, local employees may face difficulties in purchasing the foreign currency if the options are in foreign currency, or to transfer money abroad.The employee is taxed on restricted stock upon grant and on RSUs upon vesting (may include personal assets tax).The employee is subject to a flat tax of 15% on any net gain resulting from the sale of the shares by Argentine Tax residents, or, alternatively, 13.5% on the gross sale price by non-residents.Tax withholding and reporting are required upon grant for restricted stock and upon vesting of RSUs.Argentine subsidiaries are allowed to deduct the amount reimbursed to the parent company for the cost of the benefits if a Reimbursement or Recharge Agreement is in place.Social insurance contributions are generally payable by the employee and employer.Obtaining an employee's written consent for the processing and transfer of his or her personal data is the most common approach to comply with certain aspects of data protection requirements.

The taxation of shareholder's benefits starred in the recent You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these Terms or with the prior written consent of Mondaq. shareholder benefit may also arise where the benefit is received by It is not intended to constitute legal advice or seek to be the complete and comprehensive statement of the law, nor is it intended to address your specific requirements or provide advice on which reliance should be placed. If the employee ceases employment in Singapore, any RSUs granted during the Singapore employment which remain unvested will be subject to tax on the market value, determined 1 month before the date of termination of employment ("deemed gain"). Mondaq reserves the right to make changes to the services and/or the Website or part thereof, from time to time, and we may add, remove, modify and/or vary any elements of features and functionalities of the Website or the services.Mondaq also reserves the right from time to time to monitor your Use of the Website and/or services.The Content is general information only. Notwithstanding there are no foreign exchange restrictions applicable to restricted stock or RSUs, local employees may face difficulties in purchasing the foreign currency if the options are in foreign currency, or to transfer money abroad.The employee is subject to a flat tax of 15% on any net gain resulting from the sale of the shares by Argentine Tax residents, or, alternatively, 13.5% on the gross sale price for non-residents.Tax withholding and reporting are required upon purchase.Argentine subsidiaries are allowed to deduct the amount reimbursed to the parent company for the cost of the benefits if a Reimbursement or Recharge Agreement is in place.Social insurance contributions are generally payable by the employee and employer when the shares are purchased.Obtaining an employee's written consent for the processing and transfer of his or her personal data is the most common approach to comply with certain aspects of data protection requirements. The share price for a public limited liability company is the value for which the shares are traded on the stock market at the date of the exercise. could not have promoted Cirque du Soleil, there was no bona fide One typical approach is to determine what the shareholder would have had to pay for the same benefit in the same circumstances if he or she had not been a shareholder of the company.The Minister of National Revenue assessed Laliberté with a shareholder benefit equal to the full cost of the trip. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content.