Foreign Earnings Deduction

Dáil Éireann Debate, Tuesday - 13 October 2015

Tuesday, 13 October 2015

Ceisteanna (67)

Michael McGrath

Ceist:

67. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 281 of 6 October 2015, if a person who is employed by a company, is a director of the company and owns the company, in full or in part, can potentially benefit from the foreign earnings deduction scheme, if the other conditions are met; and if he will make a statement on the matter. [35765/15]

Freagraí scríofa

Minister for Finance

I am advised by the Revenue Commissioners that a person in the circumstances outlined by the Deputy could potentially benefit from the Foreign Earnings Deduction Scheme, as provided for in section 823A of the Taxes Consolidation Act 1997, provided all relevant conditions are met.