ARTICLE · 02 MARCH 2011

Finance Bill 2011 - Supporting Economic Growth & Leading Recovery

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The Finance Bill 2011 was published today, giving effect to the measures announced by the Minister on Budget day and introducing some previously unannounced measures.

IrelandTax

The Finance Bill 2011 was published today, giving effect to the measures announced by the Minister on Budget day and introducing some previously unannounced measures.

The tax highlights............

No change to 12.5% rate of corporation tax.
Confirmation of the changes announced in the Budget in relation to income tax, Universal Social Charge and PRSI.
Changes to the Section 110 taxation regime, including both a broadening of the definition of qualifying assets and a restriction on the deductibility of certain interest payments.
Changes to preliminary tax payment dates for income tax and capital acquisitions tax.
Changes to interest deductibility provisions for certain intra group transactions.

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