Approves Finance Act 2012

On 31 March 2012, Ireland approved the new Finance Act 2012, which includes several investment incentives related measures including a Special Assignee Relief Programme which will exempt 30 per cent of income between €75,000 and €500,000 from income tax for employees who are assigned to work in the State for a minimum period of 12 months by companies located in States with which the State has a double taxation treaty, to work in the Irish-based operations of their employer. The relief will be available for a maximum period of 5 years. The scheme will operate for three years from 2012-2014 unless further extended in later Finance Acts.

• Type:

  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Parliament, Finance Act 2012; Act No. 9 of 2012, http://www.oireachtas.ie/documents/bills28/acts/2012/a912.pdf, 16 Apr 2012
  • Finance Act 2012, Finance Bill 2012 Explanatory memorandum, http://www.oireachtas.ie/viewdoc.asp?fn=/documents/bills28/bills/2012/0512/FinBill2012-memo.pdf, 16 Apr 2012