Fisher Tax Credit €1,270
Finance Act 2016 introduced a new Fisher Credit as from 1st January 2017. The credit is available to a person who is fishing for any kind of fish found in the sea, including crustaceans and molluscs, but does not include salmon, fresh water eels or aquaculture animals.
The following conditions must be satisfied:
- The individual must be resident in the State.
- The individual must spend at least 80 days at sea actively engaged in seafishing (i.e. fishing for or taking sea-fish). A day means a minimum of 8 hours at sea within a 24 hour period.
- A fishing voyage means a fishing trip commencing with a departure for the purpose of fishing and ending with the first return to port.
- The vessel used for fishing must be licenced by an EU Member State and it must be registered on the EU Community Fishing Fleet.
An individual may not claim both the Seafarer Tax Credit and the Fisher Tax Credit in the same year of assessment
Revenue eBrief No. 05/17