Róisín Shortall (Dublin North West, Labour)
Link to this: Individually | In context

Question 15: To ask the Minister for Finance if he will provide an update on the implementation of further measures announced in budget 2010 with respect to the treatment of non-residents for tax purposes; the revenues that have been raised from these measures to date in 2010; the amount of revenue he expects these measures to yield in 2011; the number of non-residents for tax purposes these measures have affected according to the most recent figures at his disposal; the amount of such non-residents that are here; and if he will make a statement on the matter. [34043/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

I assume that the measure to which the Deputy refers is the Domicile Levy which I announced in Budget 2010 and introduced in Finance Act 2010. The Deputy will be aware that the Domicile Levy of €200,000 is charged on an individual who is Irish-domiciled and an Irish citizen whose world-wide income exceeds €1m, whose Irish-located property is greater than €5m, and whose liability to Irish income tax was less than €200,000.

The Levy will be charged for 2010 and subsequent years, but the payment for each year can be made at any time up to 31 October in the year following the valuation date, which is 31 December of each year. The first valuation date for the Domicile Levy will be 31 December 2010 and the tax return and payment of the Levy for 2010 will not be due until 31 October 2011. No revenue will therefore be raised from the Domicile Levy in 2010. At this stage, it is not possible to estimate the amount of revenue that may be raised from the Domicile Levy in 2011. It is not possible to estimate the number of non-residents that this measure will affect. Many non-resident individuals who file Irish tax returns are not Irish citizens or have a foreign domicile and therefore would not be subject to the Levy.