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#Budget2025 is only 1 week away and while some of the likely income tax changes are already beginning to emerge, there has been very little discussion in relation to the Special Assignee Relief Programme (SARP) and Foreign Earnings Deduction (FED). Both of these measures are due to expire for individuals arriving after 2025, in the absence of any extension by the Government. Per the most recent published Revenue data, in 2021 there were 1,982 individuals recorded on SARP Employer Returns and that the number of employees retained as a result of SARP was 1,248. No doubt that these numbers have increased in subsequent years. Moreover, as many of the employees in question are key resources and often senior management or heads of department/function, their presence here also protects the existence of other functions and downstream jobs in Ireland. At a time when Tax Strategy Group and others increasingly cite the risk that Ireland’s high marginal tax rates may have adverse consequences to our ability to attract high-skilled workers to Ireland (and our diaspora to return home!), now is not the time to end these important reliefs. Is Minister Chambers brave enough to remove the sunset provisions entirely and ensure that the reliefs become a fixed part of the tax code? Watch out for our Budget bulletin on 1 October to find out more. #budget2025 #vialtopartners #vialtopartnersireland #sarp #fed

The recent Irish Government’s Budget 2025 included a series of measures designed to support businesses, with a clear recognition of their vital importance in driving innovation and growing the Irish economy. 👏   In our latest article, we highlight the key announcements affecting innovative Irish businesses, including all the R&D Tax Credits and capital allowances changes. 👇 https://lnkd.in/esPNAmgr   #Budget2025 #IrishInnovation #IrishBusinessNews

New report from London Economics - https://lnkd.in/eG6tmMaZ - highlights how the reduction in R&D tax relief for SMEs, coupled with increased relief for larger companies, risks stifling innovation in sectors where smaller firms play a crucial role. The report calls for a more nuanced, sector-specific approach to evaluating and implementing R&D tax relief which aligns with the need for fundamental changes to better support UK SMEs and foster genuine innovation across all sectors.

With an €8.3 billion budgetary package, Budget 2025 aims to introduce generous tax and spending measures. However, €5.1 billion is already earmarked for existing commitments, leaving limited room for new initiatives. We propose eliminating the 3% USC surcharge on self-employed incomes over €100,000 to provide relief for higher-income self-employed individuals. Discover more about our recommendations for easing tax burdens as we approach Budget Day in PwC Ireland's latest insight. #Budget2025 #Tax

With an €8.3 billion budgetary package, Budget 2025 aims to introduce generous tax and spending measures. However, €5.1 billion is already earmarked for existing commitments, leaving limited room for new initiatives. We propose eliminating the 3% USC surcharge on self-employed incomes over €100,000 to provide relief for higher-income self-employed individuals. Discover more about our recommendations for easing tax burdens as we approach Budget Day in PwC Ireland's latest insight. #Budget2025 #Tax

With an €8.3 billion budgetary package, Budget 2025 aims to introduce generous tax and spending measures. However, €5.1 billion is already earmarked for existing commitments, leaving limited room for new initiatives. We propose eliminating the 3% USC surcharge on self-employed incomes over €100,000 to provide relief for higher-income self-employed individuals. Discover more about our recommendations for easing tax burdens as we approach Budget Day in PwC Ireland's latest insight. #Budget2025 #Tax

Division 293 tax is an additional tax in Australia applied to higher-income earners to reduce the concessional tax advantages of superannuation contributions. It was introduced to ensure that those with higher incomes do not receive a disproportionate tax benefit on their superannuation contributions compared to those on lower incomes. Here are the key points: - Threshold: Division 293 tax applies to individuals whose income exceeds a specific threshold, which is currently set at AUD 250,000. - Calculation: The tax is charged at 15% on the lesser of the individual's concessional (before-tax) superannuation contributions or the amount by which their income exceeds the AUD 250,000 threshold. - Purpose: This tax aims to make the tax treatment of superannuation contributions more equitable across different income groups. Essentially, for high-income earners, the Division 293 tax increases the effective tax rate on concessional super contributions from 15% to 30%. #Division293Tax #AustralianTaxation #Superannuation #HighIncomeEarners #TaxPolicy #SuperContributions #AdditionalTax #TaxThreshold #ATO (Australian

With an €8.3 billion budgetary package, Budget 2025 aims to introduce generous tax and spending measures. However, €5.1 billion is already earmarked for existing commitments, leaving limited room for new initiatives. We propose eliminating the 3% USC surcharge on self-employed incomes over €100,000 to provide relief for higher-income self-employed individuals. Discover more about our recommendations for easing tax burdens as we approach Budget Day in PwC Ireland's latest insight. #Budget2025 #Tax

With an €8.3 billion budgetary package, Budget 2025 aims to introduce generous tax and spending measures. However, €5.1 billion is already earmarked for existing commitments, leaving limited room for new initiatives. We propose eliminating the 3% USC surcharge on self-employed incomes over €100,000 to provide relief for higher-income self-employed individuals. Discover more about our recommendations for easing tax burdens as we approach Budget Day in PwC Ireland's latest insight. #Budget2025 #Tax

The Australian Federal Government handed down the Federal Budget 2024-25 with the R&D Tax Incentive remaining unchanged. However, the Government has announced a strategic review of Australia’s R&D system to boost investment and build a resilient economy. While the scope of this review is not yet clear, it signals a potential shift in future R&D policy. Maintaining the current R&D Tax Incentive is essential for sustaining business confidence and encouraging significant investment decisions. The Federal government also promised an investment of AUD 22.7 billion over the next decade to build a Future Made in Australia. A National Interest Framework is being established to guide the identification of priority industries for investments in the national interest.