Ireland’s Senate passed the Finance Bill 2024 on 6 November 2024.
Earlier, on 5 November 2024, the lower house of parliament approved the Finance Bill 2024, which outlines various tax measures as part of the Budget 2025.
The Finance Bill 2024 establishes new taxation policies and introduces essential administrative and technical modifications to the tax code. It streamlines the transfer pricing framework for marketing and distribution arrangements, known as Amount B, which is a component of Pillar One in the two-pillar global tax agreement facilitated by the OECD.
The Finance Bill 2024 has now been presented for signing to the President.