Revenue E-Brief

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Revenue E-Brief Issue 69, 14 December 2012

Treatment of Restricted Stock Units by Payroll Operators

Restricted Stock Units (RSUs) are taxed under the PAYE system. However, in some cases, the RSUs may also be liable to a foreign income tax at the time they vest.

Payroll operators may grant a credit in respect of foreign tax deducted in a country with which there is a double taxation agreement when computing an individual’s income tax liability under the PAYE system.

The Income Tax, Capital Gains Tax and Corporation Tax Manual has been updated. Part 05-05-30 sets out the conditions and requirements in relation to the granting of the credit.