In a nutshell: Law and tax changes in 2017

Take note – story published 7 years ago

A number of legislative acts have come into force in 2017. LSM has prepared a short list of some of the most important changes.

Higher benefits for families with many children

Benefits for the fourth and subsequent children in a family will be €50.07 per month, up from €34.14.

Dog chipping

Dogs at least six months old have to be chipped and registered. If you own a dog that's not been chipped, it's time to head to the veterinarian.

Micro enterprise tax

The micro enterprise tax rate has changed to 12% for companies turning over up to €7,000 (effective until 2018) and to 15% for companies turning over from €7,000 to €100,000. 

Minimum wage bump

The minimum monthly wage has been changed to €380, up from €370 last year.

Teachers' loyalty

Teachers will be liable to be sacked for want of 'loyalty'. Should you wish to understand what that means, please refer to this quiz.

Limit on cash transactions

Individual cash transactions will be limited to €7,200 in a move aiming to reduce non-taxed deals and combating the shadow economy.

Startup bonanza

Startup companies will be able to qualify for tax breaks and receive state funding to hire highly qualified employees. 

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