The Irish Minister for Finance, Michael Noonan, introduced a Jobs Initiative yesterday, designed to improve Irish economic competiveness and stimulate job creation. The Jobs Initiative included a number of measures dealing with business and employment taxes, including: Commitment to keeping the 12.5% Corporation Tax Rate Abolition of Employer’s PRSI charge on share based remuneration Temporary halving of the lower rate of Employer’s PRSI Amendment of the R&D tax credit regime to enhance flexibility in how companies can account for the credit Introduction of a new lower rate of VAT of 9% in respect of tourism-related services Air Travel Tax reduced to zero The measures introduced in the […]