Dáil Éireann Debate, Thursday - 9 May 2013
111. Deputy Pearse Doherty asked the Minister for Social Protection the current status of proprietary directors in relation to income tax, PRSI and so on; the amount that would be raised for the Exchequer if PRSI was applied to proprietary directors' income. [22003/13]
View answerI am informed by the Revenue Commissioners that it is a long established principle of Irish tax law that a director (including a proprietary director) of an Irish incorporated company holds, for taxation purposes, an Irish public office the remuneration arising from which is chargeable to income tax in the State. Such remuneration is within the scope of deduction at source of tax and the USC under the PAYE/USC systems. This charge to Irish income tax and the USC applies irrespective of where the director is tax resident or where the duties of that directorship are exercised.
