Remittance Basis of Taxation

Non-Irish domiciled individuals who are Irish tax resident for a year of assessment will be liable to Irish income tax on Irish source income and on foreign income to the extent that the funds are remitted to Ireland. This is known as the Remittance Basis of Taxation.

This means that remuneration derived from a non-Irish employment to the extent that duties of the employment are performed outside of Ireland and non-Irish investment income and gains may potentially fall outside of the Irish charge to tax.

At BDO we have a team of experts who can assist you in maximising the benefits and reliefs currently available under Irish tax legislation.