Michael McGrath

The consultation, which will run until 22 January 2024, seeks views on how Ireland’s share-based remuneration environment is operating for all users, how its use can support economic activity, and how to ensure Ireland continues to meet international best practice standards.

The Commission on Taxation and Welfare previously recommended that PRSI should be charged on share-based remuneration, among other changes.

These recommendations, together with the stakeholder views that are received through this public consultation, will form the central part of a wider review of share-based remuneration to be undertaken by the Department of Finance, commencing in early 2024.

Finance minister Michael McGrath said: “Today I am delighted to launch a public consultation on share-based remuneration. As I announced in my recent Budget speech this consultation will form part of a wider review that will be commenced shortly.

“I believe that it is essential that this comprehensive review be undertaken to ensure that our policies around share-based remuneration continue to support Irish companies in attracting and retaining highly skilled and motivated employees, which in turn helps to ensure that Irish enterprises have the necessary tools to grow and expand, and consequently to support Ireland’s economic growth.

“This consultation provides stakeholders the opportunity to share their views and experiences, and to ensure their voice is an integral part of the review process. I would strongly encourage all stakeholders to participate in the consultation process.”