merrion street

Finance Minister Michael Noonan today published the

and

. Details on both Bills are set out in the Notes to Editors below.

Commenting on the publication of the Finance Bill Minister Noonan stated:

In Budget 2013 I announced a range of measure to support job creation in the domestic economy including a ten-point tax reform plan for SME’s. In addition, the Revenue raising measures were designed to limit the impact of the necessary consolidation on jobs and growth.

Finance Bill 2013 implements these taxation measures and also includes a number of new measures to support SME’s. While we have seen significant progress since Budget day on a number of key issues there is no doubt that the SME sector will be the driver of the economic recovery across the country. This Government is committed to supporting this key sector and each of the measures included in Finance Bill 2013 are designed to help this critical sector to trade, to grow into new products and markets, to sustain existing and to create new jobs.

To support our thriving agri-food sector and building upon the supports for this sector announced last year I have introduced a Capital Gains Tax relief for farm restructuring. This relief aims to improve farm efficiency and to help achieve the targets set out in the Food Harvest 2020 Strategy.

The second bill, the Finance (Local Property Tax) (Amendment) Bill 2013 introduces a small number of changes to the Local Property Tax taking on board a number of issues raised during the debate on the Property Tax in the Oireachtas.

Read the full press release here.