Neasa Hourigan (Dublin Central, Green Party)
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226. To ask the Minister for Finance if he will provide an update on the work underway to implement the recommendation of the Report of the Commission on Taxation and Welfare that the remittance basis of taxation should be subject to a lifetime limit of three years; and if he will make a statement on the matter. [4852/24]

Michael McGrath (Cork South Central, Fianna Fail)
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As the Deputy may be aware, the Remittance Basis of Taxation (RBT) concerns how non-domiciled Irish residents are taxed on their worldwide income.

The Commission on Taxation and Welfare (COTW) considered the remittance basis of taxation in its report entitled ‘Foundations for the Future’ which was published on 14 September 2022. As a matter of taxpayer equity, the Commission recommended that the remittance basis should only be available to resident, but non-domiciled taxpayers, for a maximum period of three years.

In due course my Department will examine all recommendations from the Commission on Taxation and Welfare’s report including the recommendation as highlighted by the Deputy regarding the remittance basis of taxation.