Ireland Tax Agency Updates Guidance on Capital Gains Taxation of Unapproved Share Options

The Irish Revenue Commissioners Nov. 26 issued Revenue eBrief No. 221/25, updating guidance on the capital gains taxation of unapproved share options. The updated guidance: 1) confirms that employers are responsible for submitting tax arising on the date of grant of a long option; 2) specifies how to credit the exercise of a long option for any income tax paid on the date of grant through payroll; 3) clarifies the amount of capital gains to be reported in circumstances where capital gains from exercising a share option are only partially taxable in Ireland under a DTA; and 4) removes references ...