I have an opportunity to exercise options for an unlisted, US-based company. The purchase value of the options will be around $5400 International holding tax of about $4881. 53 so I need to understand what would be expected in terms of a SARS payment. I plan to hold on to the shares.
SARS considers the share options to be taxed as follows:
On the day they vest, the difference between the cost to you and the market value becomes taxable. SARS will deduct the taxes already paid internationally. Your company should be able to make this calculation for you.
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.