No increase in income tax planned, says finance minister

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An income tax increase isn't on the cards, Paschal Donohoe has said

The finance minister said that tax receipts are"holding up quite well". Image: Sam Boal/RollingNews.ie The finance minister said that tax receipts are"holding up quite well". Image: Sam Boal/RollingNews.ie FINANCE MINISTER PASCHAL Donohoe said there will be no increase in income tax in October’s budget.He added that September’s tax returns will be the final “piece in the jigsaw” before the government decides on next year’s budget.

The scheme will provide a maximum of €125 in income tax credits to taxpayers who spend up to €625 in restaurants, pubs, hotels, B&Bs and other qualifying businesses.The scheme is expected to cost over €200 million Speaking about the reopening of pubs, Martin said: “At the moment guidance is being worked with the public health authorities in relation to conditions that would apply in the event of pubs reopening.

#Open journalism No news is bad news Support The Journal Your contributions will help us continue to deliver the stories that are important to youMartin also said the names of two “strong” candidates will be sent to the president of the European Commission Ursula von der Leyen for the role of commissioner in the coming days.

 

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