ARTICLE · 08 OCTOBER 2024

Irish Budget 2025: Key Takeaways For Businesses

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Budget 2025 was presented to Dáil Éireann, the Irish parliament, today, Tuesday 1 October by the Minister for Finance.

IrelandTax

James Somerville

Dearbhla O'Gorman

Budget 2025 was presented to Dáil Éireann, the Irish parliament, today, Tuesday 1 October by the Minister for Finance.

This the fifth and final Budget of the current government and, following another year of budget surplus funded principally by excess corporation tax receipts, there has been much anticipation as to how these funds would be spent in advance of the as yet unannounced election.

In total, spending measures of €8.3 billion were announced. While changes to income tax provisions had received the majority of the media attention in the lead up to the Budget, there are a number of significant measures of interest for the business community.

We have highlighted below the key updates from today's announcements and we will be watching closely to see how these are implemented in the Finance Bill, which is due to be published next week, and which itself may include further unannounced measures.

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