2015 Budget Highlights

November 24, 2014

 

Business people discussing papers at a meeting

Business people discussing papers at a meeting

COLA €.58

One time cash payment €35.00

Highest rate of tax applicable to individuals earning less than €60,000 reduced from 29% to 25%

Final tax on property transfers will be reduced to 8%

Removal of exemption from VAT registration for persons with an annual turnover not exceeding €7,000

Exemption from stamp duty on certain deeds of partition of immovable property

Gradual phasing out of eco contribution

Various opportunities for public private partnerships

Increase in rates of excise duty on a number of products

Tax credit of up to €4,500 and other incentives to be provided to employers who take into employment a disabled person

Tax credit up to a maximum of €250k to persons investing seed capital in start-ups

Final tax on transfers of immovable property to entirely replace tax on capital gains – no opt out possibility but current exemptions to be retained