Finance Bill 2025 - Matheson Submission PDF | 0.31 MB
Matheson made a submission to the Irish Department of Finance outlining changes that should be made in Finance Bill 2025. While the main focus of the submission was to address glitches in Irish tax legislation that persistently raise issues in practice, it also called for improvements to the participation exemption introduced last year and for the introduction of new provisions to assist taxpayers who have done their best, but failed, to comply. The submission includes suggested solutions to address the issues identified.
The proposals include:
- Improve the participation exemption for foreign dividends
- Exempt ILPs from dividend withholding tax
- Introduce zero-VAT rating for customs warehouses
- Exclude all transfers of foreign shares from Irish stamp duty
- Exclude performing loans from CG50 requirements
- Introduce protections for taxpayers doing their best to comply
- Reduce the consequences of administrative errors
- Clarify ILP reporting obligations
The first draft of the Finance Bill is expected in October 2025, shortly after the annual budget statement. The Finance Bill is expected to be signed into law before the end of the year.
Should you wish to discuss any aspect of the submission or the Finance Bill, please speak to your usual Matheson contact or to any of our Tax partners.