Changes to Artists Exemption Scheme from 1 January 2015

Income earned by writers, composers, visual artists and sculptors from the publication, production or sale of their works is exempt from income tax in Ireland in certain circumstances. These provisions referred to as the Artists Exemption Scheme are governed by Section 195, Taxes Consolidation Act, 1997.

Section 5 of Finance Act 2014 introduced changes to the Artists Exemption Scheme. With effect from 1 January 2015 eligibility for the scheme has been extended to individuals who are resident or ordinarily resident and domiciled in one or more EU Member States or in another European Economic Area (EEA) State, and not resident elsewhere.

In addition, the maximum relief available under the scheme for 2015 and subsequent years has been increased from €40,000 to €50,000 per annum.

Part 07-01-10 of the Income Tax, Capital Gains Tax, Corporation Tax manual regarding the Artists Exemption Scheme has been updated to reflect these changes.

24 March 2015