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
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