All residents of Ireland have the right to health care provided by the public health care system (Health Service Executive), which is funded by general taxation.
There is a large private healthcare system in addition to the public health care system. Wait lists for those who do not have private insurance can be extremely long, often lasting years. As a result, the majority of employees will request private health insurance.
Private health insurance is taxable and should be factored into an employee's net take-home pay calculation.
In Ireland, benefits-in-kind received from an employer, such as private use of a company car, free or subsidized housing, and preferential loans, are taxable if the employee earns more than €1,905 per tax year. If the employee receiving such benefits is a director of the company, the benefits are taxable regardless of the employee's annual earnings.
Executives working for US technology companies in Ireland frequently request stock options. The implementation of a share incentive scheme benefits both the employer and the employee. The complexities of issuing options to employees in Ireland are complex and taxed so most US companies prefer to offer cash bonuses tied to profitability rather than stock options.