Employee PRSI to Apply to All Share Based Pay Received in 2012

A statement issued yesterday from the Minister for Social Protection, announcing that all share based remuneration received after 1 January 2012 will be subject to employee PRSI (with the exception of shares held in Employee Share Ownership Trusts before 1 January 2011). This decision has been made notwithstanding the statement issued by the Department of Finance on 18 March excluding from a charge to employee (and employer) PRSI, share based remuneration subject to a written agreement, entered into before 1 January 2011.
“ The Minister for Finance has now clarified that the charge to PRSI (both employer and employee) will not apply where the share based remuneration was the subject of a written agreement, entered into between the employer and the employee before 1 January 2011.”

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