The Tax Saver Commuter Tickets from Luas (www.taxsavertickets.luas.ie) offer tax savings for both employers and employees.
The benefits include:
- Up to 52% travel cost savings for staff
- Up to 10.75% savings for employers on PRSI
- No more queues for Luas tickets
- Journeys are cheaper with prepaid tickets than with cash
How it works:
- The cost of the Tax Saver Commuter Ticket is deducted from the employee’s salary before taxation.
- The corresponding amount paid by the employer to provide a monthly or annual Luas pass will be regarded as an expense incurred by the employer for the purposes of the Tax Acts.
According to Revenue Commissioner’s guidelines, the above is not available to self employed individuals.
Remember, you can subscribe to get posts like this delivered free to you by email or RSS.