Section 825C of the Principal Act is amended -

(a) by the insertion of the following subsection after subsection (2AA):

"(2AB) In this section, in the case of an individual who arrives in the State in any of the tax years 2026 to 2030, 'relevant employee' means an individual -

(a) who, for the whole of the 6 months immediately before his or her arrival in the State, was a full time employee of a relevant employer and exercised the duties of his or her employment for that relevant employer outside the State,

(b) who arrives in the State at the request of his or her relevant employer -

(i) to perform in the State duties of his or her employment for that employer, or

(ii) to take up employment in the State with an associated company and to perform duties in the State for that company,

(c) who performs the duties referred to in paragraph (b) for a minimum period of 12 consecutive months from the date he or she first performs those duties in the State,

(d) who, for the year of arrival in the State, is entitled to receive income, profits or gains from an employment with a relevant employer or an associated company, which, after excluding the amounts referred to at paragraphs (a) to (h) of the definition, in subsection (1), of 'relevant income', is not less than the annualised equivalent of €125,000,