• Service: Tax, Global Indirect Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 10/18/2013

Ireland - Tax proposals in 2014 budget 

October 18: Ireland’s Minister for Finance on 15 October 2013 introduced the 2014 budget, which contains a number of tax measures. The budget was followed by the publication of spending estimates by the Minister for Public Expenditure and Reform.

Tax proposals

In brief, the 2014 budget provides for:

  • A corporation tax rate of 12.5%
  • A value added tax (VAT) rate of 9% for tourism
  • Repeal of the air travel tax
  • Enhancements to the research and development (R&D) tax credit regime
  • Extension for one year of the property capital gains tax relief
  • Repeal of the stamp duty for shares traded on the Enterprise Securities Market (ESM)
  • Income tax incentives for home improvements
  • An income tax exemption for unemployed persons starting a business

Read an October 2013 report [PDF 1.34 MB] prepared by the KPMG member firm in Ireland: Taxing Times: Budget 2014

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