• Type: Publication series
  • Date: 7/11/2012

Ireland – New Rules in Effect on PRSI-Related Deductions for Share Options 

KPMG in Ireland reports that a Commencement Order has been signed giving effect to new Irish rules concerning liability for employee Pay-Related Social Insurance (PRSI) with respect to share options.  It gives effect to the transfer of liability for employee PRSI from the employer to the employee.  The new provisions apply with effect from 1 July 2012.  Consequently, employers should inform option holders that the employer company will no longer collect the employee PRSI due on exercise of unapproved share options and how they should now personally account for all taxes arising.  This would typically be done by updating existing employee communications. 


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