Stock option income can be paid in instalments within 6 months

Yesterday, the Ministry of Finance website issued "on the listed companies executive stock options to pay personal income tax on issues related to the notice" clear, Gao Ting right to pay taxes are difficult, can be from the date of their stock options, in no more than 6 months period of time to pay individual income tax. This provision has been implemented since May 4 this year.　　The Ministry of Finance said that, according to some local tax authorities, because the "Company law" and "securities law" on the listed company directors, supervisors, senior managers, such as the transfer of the company's shares in terms of the amount of time and quantity of a certain limit, resulting in its stock options to the right not to pay According to the previous provisions of the Ministry of Finance and the State administration of taxation, the earnings of executive officers of listed companies shall be subject to the notice of the Ministry of Finance's State administration of taxation on personal income tax levied on the income of individual stock options (tax [2005]35 No.) and　　Supplementary notice of the State administration of taxation on the relevant issues concerning personal income tax paid by individual stock options (national tax Letter [2006]902), which calculates the taxable amount of individual income tax. Under the Company law and securities law, the directors of listed companies, supervisors and senior management of the company's shares in the transfer of the relevant restrictions, the executive exercise options after the purchase of shares may not be able to sell the stock in the short term, and "the actual purchase price is lower than the market price of the difference" and the right to pay personal income tax on the right, the The "time lag" may lead to executives not having enough money to pay taxes in a timely manner.　　The Ministry of Finance has issued the relevant regulations. According to wind information statistics, up to the end of October 2008, China's a-share market has 134 listed companies to propose equity incentive plans, of which 33 companies have ceased the implementation of the plan, the proportion of 25%.