The Irish House of Representatives (Dail Eireann) Oct. 10 accepted for consideration Finance Bill 2024, to implement measures announced in Budget 2025. The bill includes measures to: 1) increase the standard rate band, and various credits, for individuals; 2) increase the Universal Social Charge (USC) band ceiling to 27,382 euros (US$29,866) from 25,760 euros (US$28,097); 3) increase the upper threshold for first-year full payment of claims for the corporation tax credit on R&D expenditures, to 75,000 euros (US$81,805) from 50,000 euros (US$54,537); 4) introduce a corporation tax participation exemption for parent companies on dividends from foreign subsidiaries; 5) increase the ...
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