Irish Budget 2025 Implications for International and Irish Business

What You Need to Know

• Budget 2025 (“the Budget”) is Ireland’s annual statement on proposed tax measures and budgetary expenditure.
• There will be significant changes to the taxation of non-Irish dividends. This will promote Ireland’s attractiveness as a location for holding companies.
• Stamp duty rates on certain Irish residential property will increase to 6%. However, this is not expected to apply to sales of apartment blocks or student housing.
• Incentives for Irish investors and innovative companies were extended.
• The announcements in the Budget will be followed by the publication of Finance Bill 2024 next week. The Bill is expected to be enacted within a short timeframe.