In terms of L.N. 250 of 2025, with effect from 1 January 2025, Senior Employees holding an eligible office* in terms of a qualifying contract of employment with single family offices, multi family offices or undertakings carrying back office services or treasury management operations, may elect to be subject to tax at 15% on the respective remuneration.
The beneficial tax rate of 15% applies to individuals who have the requisite qualifications and at least 5 years experience in the respective field, earning employment income of at least €65,000 from the respective employment/ office. The benefit is applicable for a period of 5 years commencing in the year in which a formal determination is issued, and may be extended for an additional two periods of 5 years each, subject to the respective conditions being maintained.
Applications are open for a 10-year period starting from 1 January 2025 till 31 December 2034.
