Pearse Doherty (Donegal, Sinn Fein)
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48. To ask the Minister for Finance the estimated revenue that would be raised on a first- and full-year basis of ending the non-domicile regime on 1 April 2025; and if he will make a statement on the matter. [45332/24]

Jack Chambers (Dublin West, Fianna Fail)
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I assume that the Deputy is referring to the remittance basis of assessment that applies to individuals who are resident or ordinarily resident, but not domiciled in the State.

Under the remittance basis, non-domiciled individuals pay tax on:

(1) Income and gains arising in Ireland,

(2) Foreign income which they “remit” or bring into the State, and

(3) Foreign gains where they remit into the State the proceeds from the sale which gave rise to the gain.

An individual who is subject to the remittance basis on foreign income or gain is required, under self-assessment provisions, to report the amount of the foreign income or gains which are remitted to the State in a tax return for the year in which the remittance occurs. It should be noted that the remittance basis only applies where such an individual has foreign income or gains for the year.

I am informed by the Revenue Commissioners that, for Irish tax purposes, an individual who is not domiciled in the State must state so when completing an Irish tax return. Such individuals are not required to report whether he or she has availed of the remittance basis when completing a return. On this basis, it is not possible to provide details of the revenue which would be raised, on a first- and full-year basis, if the remittance basis for non-domiciled individuals was ended on 1 April 2025.