Pearse Doherty
Question:101. Deputy Pearse Doherty asked the Minister for Finance the total cost in tax foregone to date or the anticipated cost for 2016 of the knowledge development box. [34122/16]
View answerThursday, 10 November 2016
Questions (101)
Written answers
It is not possible to provide the total cost of the scheme for 2016 as this data is not yet available. Corporation Tax returns for 2016 returns will not be filed until November 2017.
As set out it Budget 2016, it is estimated that the KDB will cost €31m in 2016 and €50m over a full year thereafter. The basis for this calculation was explained in the Tax Expenditures Report 2015 on page 65. This is available at the following link: http://www.budget.gov.ie/Budgets/2016/Documents/Tax_Expenditures_Report_pub.pdf.