Ireland: Tax measures in Finance Bill 2024 include Pillar One Amount B rules, amendments to Pillar Two rules

Tax measures effective from November 12, 2024

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December 27, 2024

The Finance Act 2024—effective from November 12, 2024—introduces various tax measures, including:

  • New participation exemption for foreign dividends
  • Simplified transfer pricing approach under Amount B of Pillar One
  • Amendments to Pillar Two global minimum tax guidelines
  • Increased personal income tax bands and tax credits
  • Adjustments to universal social charge (USC) bands
  • New audio-visual incentives

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