Finance Act 2012 updated and introduced a new SARP relief (special assignee relief program). We have recently been involved advising clients on the implications of this relief. The relief provides incentive to foreign companies and their employees and reduces employees salary from income tax for the first five years after relocation. The main conditions are as follows: Key details as … [Read more...] about Finance Act 2012 Provides Tax Incentives for Relocation of Employees to Ireland
Business Articles
Tax Resident & Non-Domiciled in Ireland – Tax Planning Points to Consider!
If you are considering relocating to Ireland due to financial, lifestyle or other choices OR investing in business in Ireland then you will need to consider Irish tax law carefully before making an informed decision. These tax laws may affect you individually as an investor and also any foreign based staff members you may decide to hire & who relocate to Ireland with your new business … [Read more...] about Tax Resident & Non-Domiciled in Ireland – Tax Planning Points to Consider!
Time for Tax Planning for 2011 & 2012!
The year end has passed almost 3 months ago following the hectic 2010 personal tax filing season during September to November 2011. It is now time to start work on personal taxes for 2011. For planning purposes, early preparation of your tax return has the following advantages: a. You have advance notice of your tax liability and therefore time to plan for settling your tax liability months … [Read more...] about Time for Tax Planning for 2011 & 2012!
Change In Pension Rules For Pre-1953 PRSI Contributions
Following a change in Irish tax law in May 2000, thousands of Irish pensioners have increased their income by €3,175 (IR£2,500) per annum. Prior to the change social insurance contributions made as employees prior to 1953 did not count towards old age (contributory) pension entitlements. To qualify for this pension, which is non-means tested, there are two requirements: the claimant must have … [Read more...] about Change In Pension Rules For Pre-1953 PRSI Contributions
Irish Resident Artists Tax Exemption
If you have produced a painting or sculpture or written a book, play or musical composition then you may be entitled to receive any income from your work tax free. Providing the work is original and creative or has cultural or artistic merit then it should qualify. It is important to note that approval has to be granted by the Irish Revenue Commissioners and only applies from the beginning of the … [Read more...] about Irish Resident Artists Tax Exemption
European Newsletter June 2011
http://omahonydonnelly.ie/omd-ew-european-business-newsletter-5.pdf … [Read more...] about European Newsletter June 2011
