The Irish Revenue published eBrief No. 302/24 on 6 December 2024, detailing a new corporation tax relief under Section 81D TCA 1997. Companies can claim up to EUR 1 million in tax deductions for expenses incurred in their first stock exchange listing on an EEA market.
A new Tax and Duty Manual (TDM) Part 04-06-25 Deduction for stock exchange listing expenditure has also been published.
The relief, available for IPOs between 1 January 2025 and 31 December 2029, can be claimed as:
- A deduction in trading profits, or
- A management expense for investment companies.
This measure was introduced by Finance Act 2024 and applies to first-time listings on or after 1 January 2025.
