DUBLIN (Reuters) -Ireland will increase the rate for its research and development tax credit that is mainly used by foreign multinationals to 35% from 30%, Finance Minister Paschal Donohoe told
Ireland Boosts R&D Tax Credit Rate to 35% and Considers Changes
Overview of R&D Tax Credit Changes
DUBLIN (Reuters) -Ireland will increase the rate for its research and development tax credit that is mainly used by foreign multinationals to 35% from 30%, Finance Minister Paschal Donohoe told parliament on Tuesday.
Details of the Tax Rate Increase
He also committed to publishing a plan in the coming weeks which will consider additional targeted changes to the regime, including potentially in the areas of outsourcing and qualifying expenditure definitions.
Future Considerations and Changes
(Reporting by Padraic Halpin and Graham Fahy; Editing by Aidan Lewis)
