The Government announced its July Stimulus package yesterday to aid Ireland’s economic recovery following the Covid-19 pandemic.
The July Stimulus involves a cash injection of over €5bn across a broad range of measures, as well as a loan guarantee scheme of €2bn for businesses affected by the pandemic.
While there was some speculation leading up to yesterday’s announcement that the Capital Gains Tax Rate would be reduced from the current rate of 33%, somewhat disappointingly this did not happen.
We have outlined below some of the key measures:
For further information in relation to the measures introduced, please click here.
If you would like to discuss how any of the tax measures announced in the July Jobs Stimulus affect you or your business, please contact us.
Please note: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
Warren & Partners are a boutique Irish tax and business advisory firm based in Ballsbridge, Dublin. Our experienced-team of tax advisors will create unique tax solutions for your specific business needs.
See what’s on our minds
Minister for Finance, Paschal Donohoe, today announced a €17.75bn budget package for 2021. We have highlighted below some of the key measures outlined in today's budget speech.
As part of the July stimulus package, the Government has announced that the Temporary Wage Subsidy Scheme (TWSS) is to be phased out and replaced by the EWSS.
On 23 July 2020, the Government announced the July Jobs Stimulus which aimed to provide financial support to Irish individuals and companies adversely affected by the Covid-19 pandemic. We have summarised below details of the key tax reliefs that have been introduced in this package.
