Ireland 2021 Budget Statement Delivered

On 13 October 2020, Ireland's Minister for Finance, Paschal Donohoe, delivered the 2021 Budget Statement. The main tax measures of the Budget are summarized as follows:

• Personal income tax measures including:
  • an increase in the Earned Income Credit from EUR 1,500 to EUR 1,650;
  • an increase in the Dependent Relative Credit from EUR 70 to EUR 245;
  • an extension of the Sea-going Naval Personnel Tax Credit to 31 December 2021 and an increase in the credit from EUR 1,270 to EUR 1,500; and
  • the adjus…