IMPACT OF IRELAND’S 2025 BUDGET TAX RELIEFS

How might Ireland’s 2025 budget tax reliefs might reshape the landscape for multinational corporations and start-ups, and what Irish accountants recommend businesses do next? The government’s latest raft of measures includes a significant expansion of R&D tax credits, new incentives for companies to stay in the country, and enhanced reliefs for angel investors. These policies are widely seen as a strategic response to recent global tax developments, including the Apple ruling, and aim to reinforce Ireland’s position as a hub for foreign investment. Irish accountants might also help companies to leverage extended schemes like the Employment Investment Incentive (EII), the Start-Up Relief for Entrepreneurs (SURE) and the Start-Up Capital Incentive. We would examine how these changes affect corporate tax planning, what actions firms should take, and whether the reliefs truly benefit SMEs or primarily serve multinationals. Are the R&D changes enough to attract innovation-led investment? What do accountants say about the timing and implementation?