Finance Bill 2024

Finance Bill 2024 is a new law that will have a significant impact on businesses and individuals in Ireland. The bill contains a number of measures aimed at stimulating economic growth and improving the country's competitiveness.
One of the most significant changes introduced by the bill is a reduction in the corporation tax rate from 12.5% to 10%. This makes Ireland one of the most competitive countries in the world for corporate tax.

The bill also makes a number of changes to the personal income tax system. The standard rate of income tax has been reduced from 20% to 19%. The higher rate of income tax has been reduced from 40% to 39%.
In addition, the bill introduces a number of tax credits and allowances designed to help lower-income earners. These include a new earned income tax credit and an increase in the child tax credit.

Finance Bill 2024 is a significant piece of legislation that will have a major impact on the Irish economy. The bill contains a number of measures designed to stimulate economic growth and improve the country's competitiveness. The bill also makes a number of changes to the personal income tax system that will benefit lower-income earners.