On 23 October the Government published Finance Bill 2014. In addition to providing more detail of Budget 2015 proposals, it also contains some previously unannounced measures.
Budget 2015 has been announced by Minister Michael Noonan.
The Budget contained a few surprises, but overall EY welcomes the budget package announced.
As expected, the Minister announced a change to Ireland’s corporate tax residence rules and a phasing out of the much publicised “double Irish” tax structure. However, this was balanced by signalling a series of measures to enhance Ireland’s international competitiveness. These include improvements to the R&D tax credit, intangible asset regimes and the planned introduction of a “Knowledge Development Box”. The Minister has also been quite progressive with the income tax changes by balancing reductions at the lower end with increases in the Universal Social Charge for higher earners.
EY Economic Eye Summer Forecast 2014
Our Economic Eye Summer Forecast shows unemployment falling across the island, improved consumer and business confidence, rising house prices and stock markets, and stronger inward investment.
Tax Matters 2014
Tax Matters provides a comprehensive overview of the Irish taxation system. Areas covered include personal taxes, pensions and capital taxes, local property tax, corporation tax and indirect taxes. Also included is a directory of our Tax Services Contacts.
2014 Global tax policy outlook
This guide summarises countries’ tax policy outlook for 2014. Use the map or the menu to see the guide’s information for a country.