Any benefit-in-kind arising from the provision of an annual or monthly bus or train pass by an employer to an employee or director is exempt from income tax. The exemption will only apply in respect of a bus/train pass issued in respect of a scheduled licensed passenger transport service.
OSK Contracting provide quality and professional business advice to indigenous Irish businesses. Our clients include government bodies; multi-national groups; PLCs; SMEs and sole traders but we specialise in progressive indigenous Irish family owned businesses.
Reprinted with kind permission by OSK Contracting www.osk.ie
Phone: 01 439 4200 East Point Plaza East Point Dublin 3
