I propose to take Questions Nos. 277 to 279, inclusive, together.
The Domicile Levy is applicable 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.
I am advised by Revenue that there is no basis from the data available in tax returns to estimate the yields which might arise from re-configuring the Domicile Levy in the ways suggested by the Deputy. The individuals who could come under the scope of the Levy in the Deputy’s proposals are not currently required to file tax returns to indicate their relevant incomes or property.
I am further advised by Revenue that €2.3 million was collected under the Levy in 2019. This revenue may be doubled if the Levy charge was increased from €200,000 to €400,000, assuming no change in behaviour.