Changes to EIIS would benefit us all

Some may question seeking additional tax incentives or improving existing ones like the Employment Investment Incentive Scheme at a time like this, but that’s exactly when they’re most needed

Minister for Finance Paschal Donohoe promised during his Budget 2021 speech an assessment of how the EIIS could be enhanced in light of the pandemic and to ensure business supports remained ‘efficent and responsive’

The programme for government said it would review the taxation environment for SMEs and entrepreneurs and aim to introduce improvements to various schemes so that “Ireland remains an attractive place” to sustain and grow an existing business or to start and scale up a new one.

This environment would include the employment investment incentive scheme (EIIS), which is designed to encourage investments in entrepreneurial companies so that those companies can do what they do best.