"Moving onto the existing taxation regime for retail investment. As I have said many times, the introduction of the investment account does not replace the need to review and reform the broader framework.
This year I will take action to simplify the legislation underpinning it – providing clarity regarding how tax on investments such as ETFs operates.
In addition, I am pleased to announce a reduction in the rates of tax that apply to investors in Irish and equivalent offshore funds, and Irish and foreign life assurance products, including Investment Undertaking Tax and Life Assurance Exit Tax, from 38 percent to 35 percent from 1 January 2027.
We will now continue the work on the wider regime, including the rate of taxation, deemed disposal and the administrative burden facing investors, and I intend to make further progress on removing barriers to investment."
This year I will take action to simplify the legislation underpinning it – providing clarity regarding how tax on investments such as ETFs operates.
In addition, I am pleased to announce a reduction in the rates of tax that apply to investors in Irish and equivalent offshore funds, and Irish and foreign life assurance products, including Investment Undertaking Tax and Life Assurance Exit Tax, from 38 percent to 35 percent from 1 January 2027.
We will now continue the work on the wider regime, including the rate of taxation, deemed disposal and the administrative burden facing investors, and I intend to make further progress on removing barriers to investment."