Ireland’s 2017 budget targets offshore tax evasion and retains a 12.5% corporate tax rate.
The budget was introduced on October 11, 2016, and the government used the budget speech to provide an update to Ireland's international tax strategy and announce that it will be reviewing its corporate tax code. The budget also confirmed the continuation of the 9% VAT rate.
Detailed measures from the budget will be included in a finance bill, which will be published by Ireland on October 20, 2016.
For more information, contact your KPMG adviser.
Information is current to October 18, 2016. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500