Global

Details

  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 7/11/2012

Ireland - Employees liable for social security on share-based remuneration 

July 11:   Among the changes to the taxation and collection of taxes concerning “share-based remuneration,” there are measures providing a exception to the general rule that the employer is liable for the deduction of the employee-share of social security (PRSI) from such remuneration in relation to current and former employees.

The exception transfers the obligation to pay the employee PRSI liability to the employees and former employees themselves.


A “Commencement Order”—necessary to bring this change into effect—has been signed, and the new provision is effective 1 July 2012.


Read a July 2012 report [PDF 190 KB] prepared by the KPMG member firm in Ireland: Share Options PRSI (Social Security) Update: No longer payable via payroll with effect from 1 July 2012




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