Yes, individuals who receive share options via their employers are required to deliver self-assessed tax returns before 31st October following the year of assessment.
The gain on share options, which is the difference between the price paid and the market value of shares at the date of exercise, is subject to income tax, USC and PRSI.
Tax on share options gain should be paid via RTSO1 return which is due within 30 days of the date of exercise of the share options.
The rate of tax is 52%.
Tax paid via RTSO1 return will be used as a credit on the annual self-assessed tax return.
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