There will be a change to the Employment and Investment Relief (EII) in that the full income tax relief will now be allowed in the year of investment. The annual investment limit will be increased to €250,000 and a new annual investment limit of €500,000 will be introduced for investors who are prepared to invest in the EII for 10 years or more.
An additional €3 million will be provided towards electric vehicle infrastructure. It is intended to double the number of Local Authority charging ports, support a scheme to install communal charging ports at apartment blocks and facilitate the roll out of fast charging points to taxi ranks at transport hubs around the country.
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Timothy Kelliher & Company Limited
Phone: +353 (0) 64 6632105