What is the Irish domicile levy and who has to pay it?

Ireland's domicile levy is a charge of €200,000 per year levied on individuals who are Irish-domiciled and have worldwide income exceeding €1 million, Irish-located property worth more than €5 million, and who paid less than €200,000 in Irish income tax for the year.

The levy is designed to ensure that very wealthy Irish-domiciled individuals who have arranged their affairs to minimise Irish income tax still contribute meaningfully to the Exchequer. It functions as a minimum contribution rather than an additional tax: any Irish income tax paid is credited against the €200,000 levy.

Irish domicile is a common law concept referring to the country considered your permanent home. It is different from residence and nationality. Most Irish citizens who grew up in Ireland are Irish-domiciled unless they have formally acquired a domicile of choice elsewhere by settling in another country with the intention to remain permanently.

The levy must be declared and paid by 31 October of the year following the relevant tax year. It is self-assessed and reported to Revenue on Form DOM1.