Budget Briefing 2019 - What can we expect?Wednesday, 03 October 2018
Budget 2019 will be announced on Tuesday, 9 October 2018.
It is expected to offer modest changes in the personal income tax regime by increasing the standard rate band as well as reducing the rates of USC. For companies and businesses, we anticipate the introduction of tax measures to stimulate further growth as well as protecting the Irish economy from the challenges presented by Brexit and changing global tax and trade policies.
It has been well-flagged by the Minister for Finance and Public Expenditure and Reform that there is limited scope for major tax cuts in Budget 2019.
Some measures and commitments that may be announced next week include:
|Corporation Tax||Personal Taxes|
|Capital Taxes||Stamp Duty|
|Indirect Taxes||Entrepreneur Taxes|
The Minister is also expected to use Budget 2019 to announce details of new tax measures to be introduced over the coming years to comply with the EU Anti-Tax Avoidance Directive, including the introduction of Controlled Foreign Company rules effective from 1 January 2019.
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