The Irish Official Gazette Nov. 15 published Law No. 43/2024, Finance Act 2024, implementing measures announced in Budget 2025. The law includes measures: 1) increasing the standard rate band and various credits for individuals; 2) increasing the Universal Social Charge (USC) band ceiling to 27,382 euros (US$28,521) from 25,760 euros (US$26,833); 3) increasing the upper threshold for first-year full payment of claims for the corporation tax credit on R&D expenditures to 75,000 euros (US$78,124) from 50,000 euros (US$52,083); 4) introducing a corporation tax participation exemption for parent companies on dividends from foreign subsidiaries; 5) increasing the lifetime limit for reduced ...
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