Budget 2023 – Tax Highlights

"Ireland's corporation tax regime is a core element of our economic policy mix and a longstanding anchor of our offering to attract FDI. In addition to our 12.5 per cent headline tax rate we will also ensure that we continue to play to our traditional strengths"

The Minister for Finance, Paschal Donohoe, and the Minister for Public Expenditure and Reform, Michael McGrath, announced a budget that, as expected, included a significant package of public expenditure measures to help tackle inflation and rising energy costs. Higher than projected tax receipts and the highest level of Irish employment on record are testament to the resilience of the Irish economy. These buoyant tax receipts will result in €6 billion being allocated to the National Reserve Fund over 2022 and 2023 in order to bolster available reserves for future challenges to the Irish Exchequer. Although the wider macroeconomic environment remains particularly challenging, Ireland's economy has strong