Commission approves Irish support scheme for SMEs

The European Commission has approved under EU State aid rules an Irish scheme to reduce the taxation of employee share options for SMEs. Under the Irish support scheme, employees of small and medium-size companies (SMEs) will be relieved from paying income tax and social contributions when exercising their share options. The aim of the tax relief is to help SMEs attract and retain their employees by making their share options more attractive. The scheme will run for a period of 6 years.

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