Finance Act 2012 inserted a new section – Section 825C – into the Taxes Consolidation Act (TCA) 1997 which provides relief from income tax for individuals assigned to work in Ireland during any of the tax years 2012, 2013 or 2014.

The relief is known as Special Assignee Relief Programme (SARP).

Subject to certain conditions an employee can make a claim to have 30% of his/her income between €75,000 and €500,000 disregarded for income tax purposes.  However it should be noted that such disregarded income is not exempt from the Universal Social Charge (USC).

The relief can be claimed for a maximum period of 5 consecutive years and only applies to employees who come to Ireland during 2012, 2013 or 2014.

If you would like more information on the above please do not hesitate to contact us.