The Minister for Finance Michael McGrath has launched an online public consultation seeking stakeholder views on the taxation of share-based remuneration in Ireland. The purpose of the consultation is to allow stakeholders to submit their views on the current operation of share-based remuneration in Ireland, its impact on economic activity and the potential impact of suggested changes to the regime, all the while ensuring Ireland continues to meet international best practice standards.
The responses to the public consultation will feed into the overall review of the taxation of share-based remuneration and the Irish share scheme environment which will be undertaken over the coming months. The review will also examine the recommendations from the Commission on Taxation and Welfare in relation to share-based remuneration.
The online consultation opened on 5 December 2023 and closes on 22 January 2024. The Institute, under the auspices of the CCAB-I, is responding to this consultation. Members wishing to provide input can email us.
Commenting on the launch, Minister McGrath stated:
“Today I am delighted to launch a public consultation on share-based remuneration. As I announced in my recent Budget speech this consultation will form part of a wider review that will be commenced shortly.
I believe that it is essential that this comprehensive review be undertaken to ensure that our policies around share-based remuneration continue to support Irish companies in attracting and retaining highly skilled and motivated employees, which in turn helps to ensure that Irish enterprises have the necessary tools to grow and expand, and consequently to support Ireland’s economic growth.
This consultation provides stakeholders the opportunity to share their views and experiences, and to ensure their voice is an integral part of the review process. I would strongly encourage all stakeholders to participate in the consultation process.”