Dáil Éireann Debate, Tuesday - 27 July 2021
325. Deputy Ged Nash asked the Minister for Finance the revenue raised by the domicile levy for the past three years in tabular form; the estimated revenue that would be raised from doubling the domicile levy from €200,000 to €400,000 under the existing criteria; and if he will make a statement on the matter. [39868/21]
View answerThe Domicile Levy was introduced in the 2010 Finance Act and 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.
The table below sets out the number of persons who have filed Domicile Levy returns and the amounts collected for the years 2017, 2018 and 2019. Returns in respect of 2020 are not due until 31 October 2021.
|
Year |
No of Returns |
Amount Collected (€m) |
|
2017 |
12 |
€1.41 |
|
2018 |
8 |
€1.53 |
|
2019 |
10 |
€1.77 |
|
TOTAL |
30 |
€4.71 |
While the amount of the Domicile Levy is €200,000 per annum, any Irish income tax paid by the relevant person is allowed as a credit in calculating the actual amount due in any year. The obligation to file and pay can also change from year to year depending on the circumstances of the relevant person. Therefore, it is not possible to quantify what the impact of doubling the rate from €200,000 to €400,000 would be.
