Share Scheme Reporting ' 2023 Filing Date

Law FirmMatheson
Subject MatterTax, Tax Authorities
AuthorMr Vahan Tchrakian, Aidan Fahy, Audrey Kean and Siun Clinch
Published date07 March 2023

he deadline for share scheme reporting is fast-approaching, and this update provides an overview of the share reporting requirements in Ireland.

Irish tax law requires that certain details be filed in relation to share options in respect of the grant, exercise, release and / or cancellation of share / stock options granted by both Irish and non-Irish companies during a particular year to Irish tax resident directors / employees or directors / employees who exercise their duties in Ireland ("Share Option Events").

Irish legislation also provides for the mandatory electronic reporting of certain other forms of share-based remuneration. This includes restricted stock units (RSUs), restricted shares, convertible shares, forfeitable shares, discounted shares, phantom shares, stock appreciation rights, growth / flowering / hurdle shares and any other award which is a cash-equivalent of shares (the "Other Awards").

A return in relation to both Share Option Events and Other Awards must be filed with Irish Revenue by 31 March of the year following the relevant event. Thus...

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