The Finance Bill 2026 was published today following approval by the Government earlier this week.
The Bill, which runs to 79 sections and some 242 pages, implements the taxation changes announced by Tánaiste and Minister for Finance Simon Harris on Budget Day earlier this month.
It also introduces some necessary administrative and technical changes to the tax code.
The new Bill provides for a substantial income tax package, including the standard rate cut-off point for a single person increasing by €2,500 to €46,500 and the main personal tax credits increasing by €125 each to €2,125.
It also contains a number of new measures such as the Derelict Property Tax, which will see property owners paying a tax of 7% of the value of the property by June 2028, unless they take action to remediate the property, as well as the Government’s new Investment Account.
It also includes changes to the Capital Acquisitions Tax thresholds; increases in the Childcare Services relief, the Rent Tax Credit, the Help to Buy relief and the Farmer’s Flat Rate of VAT.
The new Budget measures also include the expansion of the accelerated Capital Allowances for farm safety equipment; enhancements to the Research and Development Tax Credit; extension of the Knowledge Development Box; and changes to preliminary Corporation Tax Requirements as well as to the Enhanced Reporting Requirements for Certain Benefits.
There are also changes to certain aspects of Ireland’s regime for the taxation of interest, extensions and increases to Vehicle Registration Tax, an increase in the exemption for the micro-generation of electricity, reductions and deferrals on carbon and mineral oil taxes and an extension of the bank levy.
