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ARTICLE · 17 OCTOBER 2024

Highlights From Irish Finance Bill 2024

Arthur Cox
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The Irish Finance Bill 2024 has been published. It contains the measures announced by the Irish Minister for Finance in his Budget speech on 2 October 2024...

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Fintan Clancy
Fintan Clancy
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Ailish Finnerty
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Orlaith Kane
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The Irish Finance Bill 2024 has been published. It contains the measures announced by the Irish Minister for Finance in his Budget speech on 2 October 2024, in addition to other changes to Irish tax legislation.

The Finance Bill 2024 (the "Finance Bill") has been published and completed the first Stage of the legislative process. The high possibility of an election at the end of November means that the Finance Bill will move quickly through the various legislative stages before the Finance Act 2024 is enacted.

The following is an overview of the key sections affecting business tax.

Introduction of a participation exemption on foreign distributions

The long-awaited legislation for the introduction of a participation exemption for non-Irish dividends and distributions was included in this year's Finance Bill. Where the qualifying conditions are met, a company can elect to apply the exemption on distributions made on or after 1 January 2025. This is an

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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