Plan to make foreign dividends tax exempt

Ireland remains the only country in the EU without a participation exemption on dividends

Finance Minister Michael McGrath has published a roadmap for the introduction of a participation exemption to Irish corporation tax.

Ibec said Government plans to introduce a participation exemption for dividends brings Ireland in line with other jurisdictions.

The business group's chief economist, Gerard Brady, said the announcement is a positive development in a move toward simplifying Ireland’s increasingly complex tax system.