The standard rate of Capital Gains Tax is being reduced from 33% to 31%.<\/p>\n
Minster for Finance Simon Harris said the changes were made in a bid to encourage entrepreneurship, reward risk and facilitate the scaling-up of home-grown Irish firms.<\/p>\n
Mr Harris said that small business owners, risk-takers and entrepreneurs are the “bedrock of our economy”.<\/p>\n
He also announced changes to the Enhanced Reporting Requirements, which were introduced in 2024 and oblige employers to make certain reports to Revenue.<\/p>\n
From January, he said that employers will be able to choose to continue to operate in real time, or make monthly returns.<\/p>\n
The minister told the D\u00e1il that the Government wants to make it easier for businesses to invest, innovate and grow and will undertake a “holistic” assessment of the various grant schemes, enterprise tax incentives and business development programmes currently on offer.<\/p>\n
To encourage private investors to invest in Irish businesses and to take a chance on Irish start-ups, Mr Harris said the Government is extending the Employment Investment Incentive; the Start Up Capital Incentive; the Start-Up Relief for Entrepreneurs; and the Relief for Investment in Innovative Enterprises, also known as Angel Investor Relief.<\/p>\n
“As trade patterns shift, it is more important than ever that we create a dynamic and innovative start-up culture in Ireland and that we help them attract funding and scale-up,” he said.<\/p>\n
He also said that the corporation tax small company start-up relief was being extended.<\/p>\n
The Minister for Finance also announced a \u20ac1bn investment programme as part of the Ireland Strategic Investment Fund (ISIF).<\/p>\n
He said this will further support the growth of Irish companies.<\/p>\n
Mr Harris said this is the ISIF’s biggest ever investment in scaling and it will be a three-year programme running up to 2030.<\/p>\n
“We want to create an environment in which Irish businesses remain rooted in Ireland but can scale-up and grow internationally,” he stated.<\/p>\n
He added that in co-ordination with Enterprise Ireland, ISIF will invest through a range of channels to ensure that ambitious Irish businesses have enough capital to do just that.<\/p>\n
Bank levy to be further extended<\/p>\n
Mr Harris said that he will extend the bank levy for a further year, with a target yield of \u20ac200m.<\/p>\n
He said that although the country’s recovery has been extraordinary, the scars of the financial crisis remain, particularly in housing and the construction sector.<\/p>\n
The liable institutions will continue to be AIB, EBS, Bank of Ireland and PTSB.<\/p>\n
As in 2026, the levy will be apportioned based on the level of eligible deposits held by each bank as at the end of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"The standard rate of Capital Gains Tax is being reduced from 33% to 31%. Minster for Finance Simon…\n","protected":false},"author":2,"featured_media":627576,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[138,336,111,139,69],"class_list":["post-627575","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-business","tag-entrepreneurship","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/627575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=627575"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/627575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/627576"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=627575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=627575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=627575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}