The Irish Department of Finance on 20 October published Finance Bill 2022 (the Bill) which would set into law the measures announced as part of the Irish budget last month. While the amendments, as expected, are primarily focused on personal taxes and the cost of living, the Bill does feature a provision amending the R&D tax credit and includes certain other business tax measures.
The Bill includes additional provisions, amendments, and clarifications that were not yet announced and which may be of interest to MNEs with Irish operations. The Bill will progress through various stages before likely being signed into law before the end of the year.