The Domicile Levy
25 July 2012
The Irish Finance Act 2010 introduced an annual Domicile Levy of €200,000 which will apply for 2010 and subsequent years. The levy will apply to individuals:
- Who are Irish domiciled in the tax year (including those who are Irish resident).
- Whose worldwide income exceeds €1m for the tax year
- Whose liability to Irish income tax is less than €200,000 in that tax year, and
- Whose Irish property has a market value in excess of €5m on the valuation date of 31 December.
Download BDO's newsletter which looks at the implications of the levy.