Introduction

Finance Bill 2024 was introduced by the Minister for Finance on 10 October 2024 following a Budget package of €10.5 billion supported by buoyant corporation tax receipts over the previous year.

It was introduced with the minister’s stated aim of providing “additional supports” to individuals, families and businesses while continuing the Government’s work in “maintaining the long-term stability of the public finances”. The Bill legislates for the tax measures announced in the Budget while also introducing a number of technical changes and simplifications to the tax code.

The Bill brings forward a range of measures which will impact businesses and individuals alike. One particularly welcome development is the introduction of a participation exemption for foreign dividends, a move long advocated for by businesses and investors. This simplification measure is a welcome relief for businesses grappling with the ever-increasing complexity of the tax code. It is hope

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