If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Employee Share Incentive Scheme Tax Q

Jamie2k9 · 2020-10-27 12:19:12

The comapny pay a annual bonus and you can take it or purchase shares and hold for period of 3 years (Revenue approved) and reduce income taxation from 40 to 20%. I opted for purchase of shares and all taxation requirments are up to date i.e paid USC/PRSI etc on the bonus once shares were excerised. I get a quateraly…

27-10-2020 12:19pm

#1

Jamie2k9

Registered Users, Registered Users 2 Posts: 10,796 ✭✭✭✭

Join Date: July 2010

Posts: 10479

The comapny pay a annual bonus and you can take it or purchase shares and hold for period of 3 years (Revenue approved) and reduce income taxation from 40 to 20%. I opted for purchase of shares and all taxation requirments are up to date i.e paid USC/PRSI etc on the bonus once shares were excerised.

I get a quateraly dividend and 35% is taxed (20% Ireland) rest in the USA.

My question is when I file my 2019 tax do I need to disclose anything to revenue about the shares or taxation or can I assume they are aware based on my participation in the scheme and quaterly statement shows the correct decudtions.

0