Taxes Consolidation Act 1997 section 195B

Exemption in respect of certain expense payments for relevant directors

Section 195B exempts from income tax vouched travel and subsistence expenses paid to a non-resident, non-executive director of a company for attending board meetings.

• The exemption applies to payments made by a company to or on behalf of a non-resident, non-executive director for vouched travel and subsistence expenses incurred solely for attending a directors' meeting.
• A relevant meeting is any meeting attended by the director in his or her capacity as a director for the purposes of the conduct of the affairs of the company.
• Travel covers car, motorcycle, taxi, bus, rail, boat or aircraft, and all expenses must be supported by receipts or other documentation (vouched).
• Qualifying payments are exempt from income tax, USC and PRSI, and the exemption applies to expenses incurred on or after 1 January 2016.