The Philippines Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 143-2022, which provides clarification and guidelines on the implementation of Revenue Regulations No. 13-2022 on the income tax treatment of equity-based compensation. The main points regarding the tax treatment of equity-based compensation are set out as follows: Grant of Equity-Based Compensation Capital Gains Tax (CGT) - No CGT shall be imposed upon the grant of equity-based compensation, whether with or without an option price (which is, for the avoidance of doubt, different from the exercise price) since there is no realized capital gain on the part of...