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 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
VAT & indirect tax
The rising importance of VAT and indirect taxes demands a proactive, strategic approach.
Global mobility & employment tax
Working alongside you in a shifting tax landscape to turn complex tax challenges into strategic advantages.
Transfer pricing
Amid growing regulatory and tax complexity, Transfer Pricing stands as a critical priority for multinationals in Ireland and globally
International tax
Providing clarity in a complex global tax landscape.
R&D tax credits & incentives
Helping innovative companies fuel growth by unlocking strategic tax incentives.
M&A tax
Clarity and control through every stage of the deal.
Private client tax
Smart independent tax advice for senior executives, business owners and high net-worth individuals.
Corporate structures
A proactive approach to complex international tax topics.
Tax dispute resolution
As tax disputes proliferate globally, effective advice becomes crucial.
National & domestic tax
Strategies and solutions to help you stay compliant in an evolving environment.
Tax compliance
Efficiently managing complexity in an evolving tax landscape.