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Budget 2016 was announced on 13 October 2015. Many of the measures announced were leaked to the media well in advance and so there are few surprises
Budget 2016 was announced on 13 October 2015. Many of the measures announced were leaked to the media well in advance and so there are few surprises. The Government is very conscious that it will shortly (whether next month or in Spring 2016) be launching its re-election campaign so this Budget has a little something for everyone – a reduction in the rate of CGT from 33% to 20% for the self employed and entrepreneurs, an easing of the USC burden for the so called “squeezed middle” and some details of Ireland’s Knowledge Development Box which is designed to increase Ireland’s attractiveness as a location for IP development and investment.
Click on the links below for the key measures of Budget 2016 from a tax perspective.