192K. Covid-19: employment wage subsidy scheme

(1) In this section—

“qualifying individual” means an individual who is in receipt of a qualifying payment;

“qualifying payment” means a payment, generally referred to and commonly known as the Pandemic Special Recognition Payment, which is made, by or on behalf of the Minister for Health to a qualifying individual, further to the decision of the Government of 19 January 2022.

(2) Subject to subsection (4), a qualifying payment made to a qualifying individual on or after 1 January 2022 shall be exempt from income tax and shall not be reckoned in computing the total income of the qualifying individual for the purposes of the Income Tax Acts.

(3) A qualifying payment shall be deemed not to be a payment to which Chapter 4 of Part 42 applies.

(4) The exemption provided for in subsection (2) shall apply to a maximum amount of €1,000 for each qualifying individual.