Budget 2026 should focus on economic growth through the adoption of tax policies geared towards the enhanced supply of housing, bold enhancements to the R&D tax credit regime and the acceleration of Domestic Direct Investment, Deloitte’s Pre-Budget 2026 submission recommends.
Our submission outlines the next essential steps and bold strategies that Ireland must adopt to maintain its competitiveness, attract investment and stimulate domestic growth.
The tax policy measures outlined in our submission are designed to overcome obstacles to economic growth while at the same time focussing on enhanced creation and development of intellectual property within Irish companies. Our tax policy must ensure future growth through attracting not only the next wave of inward investment but by accelerating Domestic Direct Investment in Ireland.
Ireland faces significant challenges, such as changes to the international tax system, increased competition for Foreign Direct Investment, and barriers to domestic growth. Ireland is in a strong financial position and we have choices, now we need to act urgently. It is time for a step change and Budget 2026 is one of those rare moments where the government can make a significant statement that will create an impact well into the future.
Our pre-budget submission outlines the bold strategies and measures the country should adopt now to accelerate genuine domestic growth or Domestic Direct Investment (DDI), while also maintaining our competitiveness to continue to attract FDI. The submission details specifics ways to incentivise and support key areas such as entrepreneurship, decarbonisation, digitilisation and the adoption of Artificial Intelligence (AI), R&D and innovation. We also urge the Government to introduce new incentives and reliefs to increase housing volumes as the lack of supply is potentially the single biggest obstacle to economic growth.
Daryl Hanberry, Partner, Head of Tax & Legal