The Local Property Tax Bill 2025 includes amendments to other tax legislation including an update to the definition of associated entities in the outbound payments defensive measures legislation.
The amendment to section 817U TCA 1997 updates the definition of associated entities to capture entities that are associated with the same individual or connected individuals, and to ensure the legislation operates as intended. The amendment is being included in the Local Property Tax Bill 2025 and not Finance Bill 2025 as it needs to be approved as soon as possible to fully complete a tax related milestone in Ireland’s National Recovery and Resilience Plan ahead of expected funding drawdowns from the EU Recovery and Resilience Facility this year.
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