Tax

Tom Maguire: Exemption from employer’s PRSI effective as it encourages offers of shares to employees

SMEs need to be able to offer incentives to attract and retain staff when they can’t afford to fund higher cash remuneration

Responses to the Department of Finance’s public consultation on Ireland’s taxation of share-based remuneration will feed into the overall review of this space

The Department of Finance’s public consultation on Ireland’s taxation of share-based remuneration closed on January 22.

It’s understood that the responses will feed into the overall review of this space which will be undertaken over the coming months.

You might recall that last year’s Tax Strategy Group’s (TSG) Budget 2024 papers noted that the the department was considering limiting the blanket exemption from employer PRSI on share-based remuneration.

“A review of this matter will form ...