Dáil Éireann Debate, Wednesday - 24 March 2021
483. Deputy Bríd Smith asked the Minister for Finance the number of persons who have filed domicile levy returns; the amount collected since commencement to date for which figures are available; and if he will make a statement on the matter. [15187/21]
View answer496. Deputy Richard Boyd Barrett asked the Minister for Finance the number of persons who have filed domicile levy returns; the amount collected since commencement to the present date for which figures are available; and if he will make a statement on the matter. [15491/21]
View answerI propose to take Questions Nos. 483 and 496 together.
The Domicile Levy was introduced in the Finance Act 2010 to ensure that Irish-domiciled individuals who meet certain criteria make a contribution to the Exchequer, irrespective of where they are resident for tax purposes. The purpose of the levy is to ensure that individuals with substantial income and assets located in the State make some sort of contribution to the exchequer.
The domicile levy applies to Irish domiciled individuals whose worldwide income exceeds €1m, whose Irish property is greater in value than €5m and whose income tax liability in a year is less than €200,000. The levy is payable on a self-assessment basis on or before 31 October in the year following the valuation date. For example, the due date in respect of 2019 was 31 October 2020. The valuation date is 31 December each year.
I am informed by Revenue that the table below sets out the number of persons who have filed Domicile Levy returns and the amount collected since commencement. Returns for 2020 are not due until 31 October 2021.
|
Year |
No of Persons |
Amount Collected (€m) |
|
2010 |
36 |
€3.74 |
|
2011 |
35 |
€3.89 |
|
2012 |
28 |
€2.99 |
|
2013 |
23 |
€2.25 |
|
2014 |
14 |
€2.02 |
|
2015 |
16 |
€2.43 |
|
2016 |
15 |
€1.84 |
|
2017 |
12 |
€1.41 |
|
2018/2019 |
17 |
€3.13 |
|
TOTAL |
196 |
€23.70 |
