Fintan Warfield (Sinn Fein) | Oireachtas source

I move recommendation No. 8:

In page 66, between lines 8 and 9, to insert the following: “Report on the Foreign Earnings Deduction

25. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the Foreign Earnings Deduction, the extent to which the relief has achieved its policy objectives and to review its qualifying criteria to ensure it achieves its policy objectives.”.

This is about the foreign earnings deduction, FED, which provides relief from income tax on up to €35,000 of a salary for employees who are tax resident in Ireland to travel outside the State temporarily to carry out duties for their office or employment in certain qualifying countries. The relief does not specify the type of work to be carried out and there is no legislative requirement that the employee be engaged in any export-related activity whatsoever. We are calling on the Minister to lay before the Houses of the Oireachtas a report on the FED and the extent to which it has achieved its policy objectives.