Brendan Burgess
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Employment and Investment Incentive Removal of the Employment and Investment Incentive from the High Earners’ Restriction for three years
Limit on Enterprise incentive scheme increased to €150,000
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Brendan Burgess
Founder
- Messages
- 52,099
From the Annex
3. Enhancement of Employment and Investment Incentive The initial 30% relief available for investments under the Employment and Investment Incentive is being removed from the high earners restriction for a period of 3 years. This restriction limits the amount of tax reliefs that can be claimed by high income individuals. The EII provides that a maximum of €150,000 can be invested by an individual per annum. Therefore, by lifting the restriction on the initial 30% relief, these investors should be encouraged to invest more funds in the EII and improve the availability of funds to SMEs. Target: To increase investment in Irish SMEs that are focused on job creation and expansion.
3. Enhancement of Employment and Investment Incentive The initial 30% relief available for investments under the Employment and Investment Incentive is being removed from the high earners restriction for a period of 3 years. This restriction limits the amount of tax reliefs that can be claimed by high income individuals. The EII provides that a maximum of €150,000 can be invested by an individual per annum. Therefore, by lifting the restriction on the initial 30% relief, these investors should be encouraged to invest more funds in the EII and improve the availability of funds to SMEs. Target: To increase investment in Irish SMEs that are focused on job creation and expansion.
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