Sub Deduction - ESPP
Yes, if subsidiary reimburses parent. for cost of awards.. Written reimbursement agreement recommended.
Withholding and Reporting
Income Tax:
Yes, withholding and reporting required.
Social Insurance Contribution:
Yes. Employee and employer social insurance contributions apply. The employer must withhold the employee portion.
Data Privacy - ESPP
Written consent in Spanish from employees to transfer of personal data abroad is recommended. Also, the holders of personal data banks are required to register the data banks before the National Registry of Personal Data Protection, as well as communicate any cross-border transfer.