Share option gains to be taxed through payroll
From 1 January 2024, employers will be required to withhold Irish payroll taxes from gains arising on the exercise of share options.
Tax newsletter Q4 2023
We're delighted to bring you the latest tax updates from Mazars in Ireland.
As we approach the end of the year, it's crucial to stay informed about important tax updates and strategies. Our latest articles cover a range of topics, including changes to reporting requirements, upcoming alterations to share option taxation, adjustments to retirement relief, VAT updates for 2024, maximizing tax bands and significant amendments to the R&D tax credit regime.
This series of articles will provide an update on tax developments that impact organisations in Ireland and those that do business with Ireland. Whether you're an individual or a business owner, these insights provide valuable guidance for making informed financial decisions. Read on for a comprehensive overview of the key changes and strategies to consider before the year concludes.
Enhanced Reporting Requirement January 2024
We would like to remind all employers that, from 1 January 2024, you will be required to report to Revenue on a real-time basis, three categories of non-taxable payments. Phase 1 of the Enhanced Reporting Requirement will focus on the following tax-free payments:
Finance (No.2) Bill 2023 changes to R&D tax credit
Finance (No.2) Bill 2023 looks set to introduce several key changes to the R&D tax credit regime.
Finance Bill 2023 changes to retirement relief
Finance Bill 2023 is set to introduce changes to CGT retirement relief for individuals.
VAT news for 2024
VAT changes announced in the Autumn Budget to be enacted into law by the Finance Act.
Tax tips to consider before the end of the year
As the year draws to a close, it's prudent to explore opportunities for potential tax efficiencies. Here are some tips for individuals and businesses to consider:
Contact
Frank Greene Partner, Tax Dublin
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