Further Revenue.ie guidance on Enhanced Reporting Requirements
Revenue's guidance on the three categories for 2024 under Revenue's Phase 1 of Enhanced Reporting Requirements:
Revenue Enhanced Reporting Requirements FAQ
Automatic Enrolment in Ireland: Coming Soon
What is it?
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A new system to ensure private sector workers have a retirement income beyond the state pension.
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Employees will be automatically enrolled, with the option to opt-out after 6 months.
When does it start?
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Employee enrolment begins in 2024.
Who is eligible?
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People aged 23-60 earning over €20,000 who are not already in a workplace pension.
How much will it cost?
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Contributions will be shared by employees, employers, and the state. Rates start at 1.5% and gradually increase to 6%.
What's the employer's role?
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Enroll eligible employees, contribute a matching amount (up to €80,000 of earnings), and ensure the process runs smoothly.
Automatic Enrolment in Ireland: A Quick Guide
Illness Benefit, Injury Benefit and Statutory Sick Leave in 2024
Special Assignee Relief Programme (SARP)
A program that offers income tax relief for certain employees assigned to work in Ireland from abroad.
Summary of the key points:
Who qualifies: The program applies to employees assigned by a relevant employer (incorporated and tax resident in a country with a double taxation agreement or Tax Information Exchange Agreement with Ireland) to work in Ireland (or for an associated company) during the tax years 2012 to 2025.
How to apply: As of January 1, 2024, applications are submitted electronically through the new eSARP Portal on Revenue Online Service (ROS). This includes both Form SARP 1A (employee application) and SARP Employer Returns.