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ARTICLE · 28 OCTOBER 2013

Irish Budget 2014

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On Tuesday 15 October 2013 the Irish Minister for Finance Michael Noonan presented Budget 2014, setting out the fiscal programme for the year ahead under which the Irish government plans to grow the Irish economy, create jobs and exit from the EU/IMF bailout programme.

IrelandTax
Andrew Quinn
Andrew Quinn
William Fogarty
William Fogarty
David Burke
David Burke
Lynn Cramer
Lynn Cramer
Fearghal McVey
Fearghal McVey
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p>On Tuesday 15 October 2013 the Irish Minister for Finance Michael Noonan presented Budget 2014, setting out the fiscal programme for the year ahead under which the Irish government plans to grow the Irish economy, create jobs and exit from the EU/IMF bailout programme.

The Minister announced plans to address the rules around Irish corporate tax residence, and, in particular, the concept of "stateless" Irish incorporated companies which are not tax resident in another jurisdiction.  The draft legislation is expected to be released on 24 October 2013 when the Finance Bill is published.  We are monitoring this closely and invite any contacts to discuss this with us as required.

The Minister also published a document titled "International Tax Strategy" which outlines Ireland's integral role in international tax policy and developments (such as the OECD BEPS project) and its strategy to enhance the offerings of the Irish tax system for international business.

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