Tax specialists call for abolishment of lower employer PRSI rate in budget

Change was also recommended by tax strategy group, made up of advisors from across different government departments, earlier this year

Minister for Finance Michael McGrath and Minister for Public Expenditure Paschal Donohoe will deliver the budget in October. Picture: Gareth Chaney/ Collins Photos

Tax specialists have recommended that Finance Minister Michael McGrath support SMEs by abolishing the lower employer PRSI rate of 8.8% on weekly earnings up to €441 in the budget.

The measure is one of many included in a pre-budget submission by professional services firm PwC that is targeted towards SMEs following comments from the budgetary watchdog Ifac that Ireland is too dependent on multinationals.