Ireland - More Changes and Clarifications Regarding PRSI on Equity Awards
30 August 2011
On 23 August 2011, the Irish minister for Social Protection announced another change to the social insurance requirements for equity awards.
Under this latest proposal, employee Pay-Related Social Insurance (PRSI) will apply to all equity award income from 1 January 2012, regardless of an award's grant date, with the sole exception of shares already held in an Employee Share Ownership Trust before 1 January 2011. We understand that employer withholding of the amounts due will be required.