The Finance Bill 2024 was published on 10 October.
Some of the key features in Finance Bill 2024 include the legislation for the introduction of a Participation Exemption for foreign dividends. Many of our neighbouring jurisdictions have had Participation Exemptions for dividends for many years. This provision should enhance Ireland’s corporate tax regime. In addition the Finance Bill include significant legislative changes in relation to pensions regime, including changes to employer contributions to PRSAs, legislation for the increase to the Standard Funds Threshold and provisions in relation to the tax treatment of the Auto Enrolled pensions regime that is due to come into effect.
RBK have summarised the key provisions in the Finance Bill.
- Employment and Individual Taxation
- Entrepreneurship, Private Business and Capital Taxes
- Corporation Tax
- Property
- Pensions
- VAT
For further detail on any of these measures and how they impact you and your business please contact your usual RBK tax contacts.
Disclaimer: While every effort has been made to ensure the accuracy of information within this publication is correct at the time of going to print, RBK do not accept any responsibility for any errors, omissions or misinformation whatsoever in this publication and shall have no liability whatsoever. The information contained in this publication is not intended to be an advice on any particular matter. No reader should act on the basis of any matter contained in this publication without appropriate professional advice.
