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Mazars Budget Report 2010

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.