Budget 2025 is scheduled for October 1st.

Ireland has enjoyed a high degree of economic success in recent years. However, the business environment both at home and abroad is subject to constant change. So how best to secure our economic future?

Our pre-Budget submission sets out a range of tax policy proposals we believe will support a dynamic economy with an emphasis on maintaining our appeal for FDI and encouraging domestic entrepreneurship.

Reduce the cost of employment
Increase the entry point to the marginal income tax rate and cap the amount of income subject to PRSI
Our Budget 2025 recommendation: Incentives for employer developed accommodation. Incentivise employers to develop employee accommodation and allow a corresponding BIK exemption where the employee earns less than €50,000
Our Budget 2025 recommendation: Stimulate investment in SMEs. Individuals should be encouraged to put some of their savings to productive use, helping SMEs to finance growth, innovation and the creation of new employment opportunities
Our Budget 2025 recommendation: Re-introduce Section 23 relief. A controlled and targeted relief would encourage conversion of commercial properties for residential use and encourage individuals to finance the development of new residential units for letting
Our Budget 2025 recommendation: Green technology. Incentivise the development and use of green technology
Our Budget 2025 recommendation: Tax simplification. Establish an Office of Tax Simplification to advise on reform of complex tax law
Our Budget 2025 recommendation: Abandon the cap on retirement relief. The planned introduction of the €10 million cap on retirement relief next year should be cancelled or paused and given further detailed consideration and analysis

Tax insights for you and your business

The Right Tax Measures

KPMG’s Head of Tax Tom Woods on suggestions for Budget 2025

Tax and Your Wallet

KPMG’s Olive O’Donoghue on personal taxes and the budget

Promoting Entrepreneurship

KPMG’s Camilla Cullinane on suggested budgetary measures

The Global Picture

KPMG’s Cillein Barry on the international tax landscape

Get in touch

The measures unveiled in the forthcoming Budget 2025 will have far-reaching implications for businesses across Ireland. If you have any inquiries, comments, or wish to explore further, we are here to assist.

Contact any member of our Tax team today.