The Taxsaver Commuter Ticket Scheme, launched by the Irish Government in 1999, is a tax incentive initiative designed to promote the use of public transport for commuting to and from work. By allowing employees to purchase bus, rail, and Luas tickets through their employers, the scheme offers significant savings on travel costs.
Employees can save between 28.5% and 52% on their commuting expenses due to reductions in income tax, PRSI, and USC. Employers also benefit by saving up to 11.15% in PRSI contributions. Employers must register on the Taxsaver website and purchase monthly or annual tickets on behalf of their employees. Over 6,000 companies in Ireland are currently enrolled in the scheme, highlighting its widespread adoption and success. For more information or to register, visit www.taxsaver.ie