Standard Corporation tax rate reduced from 32 per cent to 28 per cent.
Lower 25 per cent Corporation tax rate remains the same but the income limit is being increased from £50,000 to £100,000.
Contribution ceiling for employer PRSI increased to £35,000 per annum. Employee/self-employed ceiling increased to £25,400.
New incentive to encourage employee share participation. Tax relief to employees who save for a fixed period to buy shares in their company on favourable terms.
Finance Bill to contain significant changes regarding use to which self-employed person may put their accumulated pension fund.
Maximum contribution to retirement annuity schemes to be increased on a sliding scale from 15 per cent to 30 per cent, depending on age of contributor.