The Government is to establish two investment funds - The Future Ireland Fund and the Infrastructure, Climate and Nature Fund. The new funds will help to secure a sustainable foundation for Ireland's economic future.The Research & Development tax credit is to rise from 25% to 30%. The doubling of the payment threshold to €50,000 will provide cash-flow support to companies engaged in smaller R&D projects.
The VAT threshold will increase from €37,000 to €40,000 for services and from €70,000 to €80,000 for goods. The Key Employee Engagement Programme has been amended, extending the scheme to the end of 2025 and doubling its market valuation from €3m to €6m.PRSI for employers as well as employees will increase by 0.1% in October next year.The upper age limit for Retirement Relief will extend from 65 to 70.€3m has been allocated for the Digital Services Coordinator.Section 481 relief for the film industry will increase from €70m to €125m.