On 8 August 2017, the Minister for Finance (MoF) made amendments to Fringe Benefits Rules and Inland Revenue Department published a guide to provide explanations and instructions on the application of the Fringe Benefits Rules (SL 123.55). It replaces the Fringe Benefits Tax Guide that was published in January 2001 and the updates to that guide.
Where the motor vehicle value not more than EUR 16310 and it is used mainly for point-to-point services by a salesperson, the personal use percentage of the motor vehicle will be 0% (as opposed to 20%) if approved in writing by the Revenue Commissioner.
The yearly value of the personal use of property, owned by the provider of the benefit or a related party, will be 5% of the higher of the market price and the cost of the property, in the case of immovable property and 12% of the higher of the market price and the cost of the property, in the case of movable property.
