Budget 2010 main features
The main features of the 2010 Budget delivered today by Brian Lenihan, Minister for Finance.
- Corporation Tax rate of 12.5 % is maintained.
- Reduction in the VAT rate to 21%.
- Introduction of an annual EUR200,000 domicile levy for non resident Irish national and domiciled individuals.
- Increase in the effective Income Tax rate for certain individuals benefiting from tax incentive schemes.
- Corporation Tax holiday for certain start up companies to continue for companies set up in 2010.
- Mortgage interest Income Tax relief to be extended.
- Capital allowances scheme for energy efficient equipment to be extended.
- Introduction of Carbon Tax.
- Reduction in Excise Duty on alcohol products.
Please click on the link below for our full Budget report.