Irish Revenue issues updated guidance on tax exemption for certain sporting national governing bodies under the Finance Act 2024.
The Irish Revenue published eBrief No. 155/25 on 5 August 2025 regarding an updated Tax and Duty Manual covering the tax exemption applicable to specific national governing bodies in sports.
Part 07-03-10 is a new Tax and Duty Manual dealing with section 235A Taxes Consolidation Act 1997 (TCA), introduced in the Finance Act 2024, which provides an exemption from income tax or corporation tax, as the case may be, to certain categories of national governing bodies (NGBs) of sport.
The exemption applies to income which the body can hold for up to ten years, provided the income is ultimately applied for certain qualifying purposes, including capital projects, the purchase of certain sporting equipment, supporting elite athletes in competitive sport and supporting the participation of women and people with disabilities in sport.
The manual outlines definitions for the purpose of the section, explains how the exemption will operate, and gives examples where the exemption will and will not apply.
