Finance Minister of Ireland has announced to cut the marginal rate of individual tax and also set out plans for the reform of the corporate tax regime in 2015 budget. The budget is aimed to recover the economic condition of Ireland. The marginal income tax rate for individual will be reduced from 52 percent and 51 percent through changes to income tax rates and thresholds. The top rate of income tax will fall from 41% to 40% and the measures will be taken to restructure the Universal Social Charge (USC). USC rates will fall for lower income person and the exempted threshold will be increased to EUR12,012 from EUR10,036.
Related Posts
Ireland: Revenue updates PAYE guidance for employers
March 10, 2026
The Irish Revenue has issued eBrief No. 043/26 announcing updates to the Employers’ Guide to Pay As You Earn (PAYE) with effect from January 2019. The PAYE system is a method of tax deduction under which employers calculate and deduct income
Read More
Ireland: Revenue updates guidance on Expressions of Doubt under Full Self-Assessment
March 10, 2026
Irish Revenue issued eBrief No. 041/26 on 2 March 2026, announcing updates to guidance on Expressions of Doubt under the Full Self-Assessment system for Income Tax, Corporation Tax and Capital Gains Tax. The update revises Tax and Duty Manual
Read MoreIreland: Share scheme returns for 2025 due in March 2026
March 02, 2026
Irish Revenue has issued eBrief No. 039/26 on 27 February 2026, reminding customers that the deadline for the share reporting obligation in respect of the return year 2025 is 31 March 2026. Failure to make a return by the due date may attract
Read MoreIreland outlines long-term approach to R&D tax incentives
February 20, 2026
Ireland’s Department of Finance has released the Research and Development Tax Credit and Innovation Compass on 16 February 2026, setting out the work completed in 2025 to review the R&D tax credit regime and related innovation supports. The
Read More
Ireland: Revenue extends 2025 Form 11, CAT ROS filing deadline
February 17, 2026
Ireland’s tax authority (Revenue) issued eBrief No. 034/26 on 16 February 2026, extending the filing and payment deadlines for certain self-assessment Income Tax and Capital Acquisitions Tax (CAT) obligations for 2025. For self-assessment
Read MoreIreland: Large corporations to be considered for Phase One rollout of e-invoicing
February 11, 2026
Ireland’s Revenue confirmed on 10 February 2026 that the "large corporates" will be considered within scope for Phase One of VAT Modernisation programme. This announcement follows Revenue’s publication of VAT Modernisation: Implementation of
Read More