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EIIS 4 – EMEX
Introducing the EIIS 4 – EMEX, offering Investors the opportunity to invest in EMEX Software Limited, while allowing Investors to avail of tax relief of up to 40% of their investment amount. This EIIS product could be an ideal income tax relief opportunity for your clients.
- Employment & Investment Incentive Scheme
- Tax Return of 40%
- Target Return of 20%
- 4 Year Investment Term
The Tax Relief
The scheme is open to all Irish taxpayers who can claim income tax relief of up to 40% in the year of investment, subject to the company meeting particular employment or research and development (R&D) expenditure requirements.
How do investors qualify for EIIS
The EIIS is a tax relief incentive scheme providing individual investors with the opportunity for income tax relief of up to 40% on investments in certain qualifying companies. The maximum relief is €250,000 per annum (as per the Finance Act 2019). This can be applied per person in the case of a husband and wife or civil partners provided that each person has sufficient total income in their own right to absorb the relief.
An individual who pays income tax at the 40% rate in the year which the EIIS investment is made can obtain tax relief on the following income:1. Self-employment or PAYE earnings2. Income derived from property held in a personal capacity3. Distribution income from Approved Retirement Funds (ARFs)4. Foreign income and Irish dividends
- Rapidly growing EHS market
- Technology a clear winner in the Post Pandemic World
- Workplace safety and ESG Reporting markets were already growing rapidly
- Pandemic will turbocharge both – For example, Covid 19 incidents now reportable in major countries
- Emex primed for success as both a technology and must have regulatory tool.