Ireland's Minister for Finance Michael Noonan delivered the financial statement for the Budget 2017 to the Dáil Éireann (lower house of parliament) on 11 October 2016. The main tax-related measures include:
- Entrepreneurial relief will be improved with a reduction of the reduced capital gains tax rate from 20% to 10% on up to EUR 1 million in chargeable gains from the sale in whole or in part of a business;
- The lower three rates of the Universal Social Charge (USC) will each be reduced by 0.5…