Thomas P. Broughan
Question:83. Deputy Thomas P. Broughan asked the Minister for Finance the additional potential yield to the Exchequer if the domicile levy was increased to €350,000. [54841/13]
View answerThursday, 19 December 2013
Questions (83)
Written answers
I am informed by the Revenue Commissioners that, based on the numbers of taxpayers paying the Domicile Levy since its introduction, the full year yield on a straightforward arithmetic basis from an increase in the Domicile Levy from €200,000 to €350,000 could be in the region of €2.3 million. Various factors, including fluctuations in asset values and income, could affect the numbers liable to pay the levy in future years. It must be borne in mind that where a person has paid Irish income tax for a year, that person is entitled to credit for income tax paid in calculating the amount of domicile levy due for that year. Accordingly, the yield indicated above must be treated with caution.