Ireland MOF Releases Pre-Budget Submissions for 2022 Budget (Corrected)

The Irish Department of Finance May 31 released pre-budget submissions for the 2022 budget from interested parties. The budget submissions include measures that would: 1) extend the tax relief under special assignee relief program for financial services; 2) harmonize the tax treatment of tobacco products with EU laws; 3) introduce an exit tax incentive regime for investment products; 4) reduce the capital gains tax rate of 33 percent for non-passive investment; 5) expand and simplify the eligibility criteria for the R&D tax credits for small and medium enterprises (SMEs); 6) extend the increased tax relief for first time homebuyers to ...