Brian Stanley
Question:232. Deputy Brian Stanley asked the Minister for Finance the total spend related to the special assignee relief programme in each of the years 2020 and 2021. [9309/22]
View answerTuesday, 22 February 2022
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Written answers
The Finance Act 2012 introduced section 825C to the Taxes Consolidation Act, 1997. This section, as amended, provides Income Tax relief for certain individuals assigned during any of the tax years 2012 to 2022 to work in the State. The relief is commonly known as SARP (Special Assignee Relief Programme).
The aim of the relief is to reduce the cost to employers of assigning skilled individuals in their companies from abroad to take up positions in the Irish-based operations of their employer or an associated company, thereby facilitating the creation of jobs and the development and expansion of businesses in Ireland.
SARP provides for relief from Income Tax on 30% of income over €75,000, subject to an upper income threshold of €1,000,000, where applicable. There is no exemption from USC. PRSI is payable where the individual is not liable to social insurance contributions in his or her home country. School fees of up to €5,000 per annum and expenses incurred on one trip home per year, where they are paid for by the employer, are not subject to Income Tax, USC or PRSI.
I am advised that the latest costs available for the Special Assignee Relief Programme (SARP) can be found in the 2019 SARP report which is published on the Revenue website and as part of the Budget 2022 Tax Expenditures Report on the Government's Budget 2022 website.
The cost of SARP for 2018 and 2019 (the latest year for which data are available) is set out below.
|
SARP |
2018 |
2019 |
|
Cost (€m) |
42.4 |
38.2 |
I expect that figures in relation to 2020 will be published later this year and that figures in respect of 2021 will become available next year.