ARTICLE
7 October 2024

Budget 2025 - Tax Highlights Ireland

W
Walkers

Contributor

Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
Budget 2025 announced on 1 October 2024 included a substantial "cost-of-living" package including many one-off payments, as well as outlining a framework...
Ireland Tax

Key takeaways

  • Budget 2025 announced on 1 October 2024 included a substantial "cost-of-living" package including many one-off payments, as well as outlining a framework to direct substantial tax revenues towards housing, energy, water and transport infrastructure.
  • The need to maintain Ireland's competitiveness in the face of intensifying competition for foreign direct investment was acknowledged, with tax code simplification at the forefront.
  • Key tax measures of interest to the international business community included confirmation of the introduction of a participation exemption for foreign dividends from 1 January 2025, an acknowledgment of the importance of further reducing complexity in Ireland's tax code through a review of the tax treatment of interest, and a focus on supporting innovative business with a review of the R&D tax credit to be undertaken over the coming year.

We develop these points and further measures and highlights that may be of interest to the international business community in our Budget 2025 – Tax Highlights Ireland here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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