Ireland Lower House Considers Second Finance Bill 2023

The Irish House of Representatives (Dail Eireann) Oct. 19 accepted for consideration Finance (No. 2) Bill 2023, to implement Budget 2024. The bill includes measures to: 1) provide increases for single persons in the individual income tax standard rate band by 2,000 euros (US$2,129), and personal tax credit by 1,000 euros (US$1,066), with commensurate increases for other earners; 2) increase the rent tax credit to 750 euros (US$798) from 500 euros (US$532), and more for jointly assessed units; 3) increase the R&D tax credit rate to 30 percent from 25 percent; 4) increase the VAT registration threshold to 40,000 euros ...