Ireland - More Changes and Clarifications Regarding PRSI on Equity Awards
Client/Legal Alert
30 August 2011
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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.