Pearse Doherty (Donegal, Sinn Fein)
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331.To ask the Minister for Finance the estimated impact of pillars 1 and 2 of the OECD agreement on tax revenue on each of the years 2025 to 2030, under the stability programme update and summer economic statement; and if he will make a statement on the matter. [31889/24]

Pearse Doherty (Donegal, Sinn Fein)
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333.To ask the Minister for Finance if the banking levy is in the tax base, under the summer economic statement, in each of the years 2025, 2026, 2027, 2028, 2029 and 2030, respectively; and the amount in the base in each of those years. [31923/24]

Pearse Doherty (Donegal, Sinn Fein)
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344.To ask the Minister for Finance the revenue provided in the tax base under the stability programme update and Summer Economic Statement with respect to the defective concrete products levy in the years 2025, 2026, 2027, 2028 and 2029; and the revenue forgone in each of those years by removing the levy. [31997/24]

Pearse Doherty (Donegal, Sinn Fein)
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346.To ask the Minister for Finance the revenue provided in the tax base under the stability programme update and the summer economic statement with respect to the special assignee relief programme in the years 2025, 2026, 2027, 2028 and 2029 respectively, and the revenue in the base in each of those years. [32073/24]

Pearse Doherty (Donegal, Sinn Fein)
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398.To ask the Minister for Finance the revenue provided in the tax base under the stability programme update and Summer Economic Statement with respect to the mortgage interest tax credit in the years 2025, 2026, 2027, 2028 and 2029 respectively; and the revenue in the base in each of those years. [33191/24]

Pearse Doherty (Donegal, Sinn Fein)
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399.To ask the Minister for Finance the money allocated to the rent tax credit and within the base under the Stability Programme Update and Summer Economic Statement for 2024, 2025, 2026, 2027 and 2028 respectively; and if there is €288 million in the tax base for the rent tax credit in 2024 given €200 million was allocated to it in Budget 2023 and a further €88 million was allocated to it in Budget 2024. [33208/24]

Jack Chambers (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 331, 333, 344, 346, 398 and 399 together.

My Department has not produced updated projections for tax revenue as part of the Summer Economic Statement (SES). As such the most recent fiscal projections remain those published as part of the Stability Programme Update (SPU) in April, which extend until 2027.

A first estimate of the net cost of implementation of the overall OECD agreement, i.e. taking into account the loss of tax revenue from Pillar One and expected increase from Pillar Two, was published by my Department in 2020. Annual corporation tax receipts were assumed to decline by €2 billion or approximately 20 per cent of corporation tax revenue at that time. Since then, corporation tax receipts have increased substantially and accordingly, the cost of implementation of the agreement is also likely to have increased significantly.

Estimating the potential impact of the OECD agreement represents a considerable and on-going challenge, not least due to the fact that the negotiations are still ongoing. Given this uncertainty, the original assumption was retained in the SPU projections, with a net loss of €2 billion from both pillars of the agreement incorporated from 2026 onwards.

In respect of the SARP, this measure was extended as part of Budget 2023 and is reflected in the SPU fiscal projections. The measure is scheduled to expire at end-2025. The SPU projections also incorporate revenue raised from the bank levy. This measure is due to expire at end-2024.

The mortgage interest tax relief was a one year temporary relief introduced as part of Budget 2024 and is incorporated in the SPU projections.

The cost of the rent tax credit introduced in Budget 2023and the additional cost of the amendment to the measure in Budget 2024are incorporated within the tax base as part of the SPU projections and are assumed to expire at end-2025.

If these measures were to be extended beyond their current expiration date, estimates would be subject to revision based on the latest available data at the time.

The Defective Concrete Products Levy was initially introduced as part of Budget 2023and subsequently amended in Budget 2024. As a permanent measure, the levy is considered to form part of the tax base and is incorporated in the SPU fiscal projections.

The costings of tax policy measures at the time of their introduction are available in the Tax Policy Changes booklet published as part of the Budget Day documentation. The Tax Policy Changes publications for Budgets 2023 and 2024 are available at the below links respectively.

My Department will publish its Annual Report on Tax Expenditures, providing further detail on tax expenditures in the Irish tax system, alongside Budget 2025.