Ivana Bacik
Question:260. Deputy Ivana Bacik asked the Minister for Finance if the review of Ireland's personal tax system will be published in advance of the fiscal budget; and if he will make a statement on the matter. [42838/23]
View answerTuesday, 3 October 2023
Questions (260)
Written answers
The Deputy will be aware that, as signalled in Budget 2023, the Government is committed to a review of the personal tax system, having regard to the medium term. The Department of Finance was tasked with carrying out this review.
On the 8th March, I launched a public consultation in respect of the review of the personal tax system, with the consultation period closing on 5 April. The terms of reference for the review were also published. In broad terms the review encompassed:
• A strong focus on the Programme for Government commitments relating to income tax and USC, such as indexation, and the progress made to date on achieving these commitments;
• Further analysis of the introduction of an intermediate or third rate of income tax, building on the work of last year’s Tax Strategy Group;
• Further analysis of the recommendations of the Commission on Taxation and Welfare directly relevant to income tax and USC; and
• An international comparative analysis of Ireland’s personal tax system compared to other jurisdictions.
The review is now complete and it is my intention to publish the report on Budget Day this year, 10 October.