Tax at vesting for RS/RSUs. Taxable amount is fair market value of the shares on the tax event.

Tax on sale.

May be allowed if subsidiary reimburses parent under a written agreement and required withholdings are made. Triggers tax withholding and social insurance contributions.

Income Tax/ Social Insurance Contributions

Withholding and reporting likely required if (a) local subsidiary records an expense on its books for the awards, (b) local subsidiary reimburses the parent for the awards, or (c) local subsidiary claims a local tax deduction for the awards.

Please contact Baker McKenzie for details.

Exemption from the Philippine Securities and Exchange Commission required (filing fee is payable as part of exemption application).

Ongoing reporting requirements also apply.

Generally, no.

Not generally, if not an "employer practice." Statement regarding discretionary nature of plan should be acknowledged by employees.

Written consent from employees for the transfer of data abroad should be obtained. Companies are advised to check with their data privacy counsel to determine any other requirements (such as notification or registration obligations).