It is our intention in this Bulletin to highlight key tax provisions that we believe may be of interest to you and your business, as well as offer our perspective as to how they are likely to operate in practice.
In turn it is hoped that our comments serve as a catalyst for you to consider how these measures will affect you and your business operations.
In this Bulletin we cover amendments made in the Finance Act, 2025 to the following:
- Income Tax Act
- Corporation Tax Act
- Miscellaneous Taxes Act
Based on the 2026 Budget, there are no updates on the following proposed fiscal measures:
- Reforming Transfer Pricing Legislation
- Review of the VAT system and introduction of a Sales Tax
- Removal of tax on Private Pensions
Commencement date:
By virtue of Section 23 of the Finance Act the amendments in relation to the Income Tax Act, the Corporation Tax Act and the Miscellaneous Taxes Act are effective January 1, 2026.
