Domicile levy
An Irish domicile levy was introduced in 2010. The purpose of this levy is to ensure that individuals with substantial ties to Ireland contribute to the Exchequer, irrespective of their residence status.
The levy is EUR 200,000 and applies from the tax year 2010 to every 'relevant individual'. In order to be a 'relevant individual' for a tax year the following conditions must be met:
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•ÌýÌýÌýÌý the worldwide income of the individual for the tax year is greater than EUR 1 million
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•ÌýÌýÌýÌý the individual is domiciled in Ireland in that tax year
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•ÌýÌýÌýÌý the individual's final Irish income tax liability is less than EUR 200,000, and
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•ÌýÌýÌýÌý the market value of the Irish property owned by the individual
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Web page updated on 28 Aug 2024 12:01