Budget 2027: Department of Finance Press Release

What's New / Budget 2027: Department of Finance

Budget 2027: Department of Finance

5 minute read News

Published 06 October 2026

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Carbon tax reduced.

Carbon tax is being reduced kerosene and natural gas to €48.50 per tonne.

Capital Gains Tax (CGT) is being reduced

‘Capital Gains’ are profits made from selling assets. Until now, 33% Capital Gains Tax had to be paid on these profits. CGT is now being reduced to 31%.
This aims to encourage more entrepreneurs to start and grow and sell their businesses.

National Minimum Wage has increased

Ireland’s National Minimum Wage (NMW) will rise to €14.94 an hour for anyone aged 20 or over. This is an increase of 79c on the current rate of €14.15 an hour.

Higher PRSI limit for employers

The employer’s PRSI threshold from €552 to €600 per week for 2027. This will save employers PRSI of between €650 and €700 per employee over a year.

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