Search Results for 'Taxation in the Republic of Ireland'

The Minister for Finance Paschal Donohoe presented his third Budget on Tuesday against the backdrop of continuing improved economic performance. Budget 2019 sees the distribution of the benefits of the improving economic conditions, mostly in the form of increased Government spending. Some of the key expenditure areas highlighted by the Minister included social and affordable housing, health and childcare, education, Brexit and climate change. On the tax front, there was a mixture of tax increases and modest tax reductions.

The elected members of Mayo County Council refused a call to raise the Local Property Tax (LPT) by 15 per cent at the September meeting of Mayo County Council.

Returns on deposit related products are at an all-time low with the average deposit rate being offered by various financial institutions hovering around 0.25%. Despite Deposit Interest Retention Tax (DIRT) of 41% being reduced to 39% from 1st January next, the return on your deposits are depressingly low.

Minister for Finance Michael Noonan and Minister for Public Expenditure and Reform Paschal Donohoe presented the first Budget of the Minority Government Fine Gael-Independent Coalition. Ministers Noonan and Donohoe announced that the total Budget package of €1.3bn favours expenditure increases over revenue reductions by three to one reflecting the Government’s commitment to rebuilding and investing in public services. More detail will be included in the Finance Bill to be published later this month.

The pay and file season for Local Property Tax (LPT) 2016 will be starting soon, and Revenue is writing to approximately 755,000 residential property owners to give them the opportunity to decide how and when they want to pay.

FTA Ireland [FTAI] says the substantial cut in commercial vehicle motor tax announced in Tuesday’s Budget will make Irish hauliers more competitive in the European market.

arguably that prior Budgets have focused on tax measures to attract Foreign Direct Investment and that supportive tax measures for small businesses and entrepreneurs have received less attention. With the advent of improved technology, the option for Irish entrepreneurs to move their base outside of our shores is now a live one as many of them can easily conduct their business across borders. Therefore the need to encourage new entrepreneurs and support existing entrepreneurs is vital in ensuring the medium to long term health of the Irish economy.

The Dublin Metropolitan Region traffic division recently seized 18 cars as part of an ongoing investigation into the under declaring of cubic capacity of the car engine in order to pay a lower motor tax rate.

Following Ireland’s exit from the EU/IMF recovery programme and in the context of projected GDP growth of 4.7 per cent for 2014 and 3.9 per cent for 2015, Ministers Noonan and Howlin announced their budgetary measures for 2015 which have been set out below. More detail will be included in the Finance Bill to be published later this month.

I had planned to buy some agricultural land in 2006 but I did not proceed as the price of land at the time was excessive. I believe that prices are now at a reasonable level and I would now like to buy some agricultural land. I would like some advice on the likely taxes I may have to pay. I bought 10 acres of land several years ago and I paid very high stamp duty at a rate of 9 per cent, has this changed? Are there any other taxes I should be aware of, eg Capital Gains Tax?