ADS advices

A comprehensive overview of updated tax policy and its impact on businesses and individuals

A Comprehensive Overview of Payments, Supports, and Social Protection Reforms

Ireland’s Budget 2026 introduces a wide range of measures aimed at strengthening the social protection system and improving the standard of living for citizens.

Introduction

Starting in 2025, Ireland will introduce the Auto Enrolment Pension Scheme (AEPS), a new mandatory pension system designed to ensure that more workers save for retirement.

Assets are resources controlled by a company that provide or are expected to provide economic benefits in the future. In accounting, assets are divided into current (short-term) and non-current (long-term) based on their nature and useful life. Below, we explore their classification, write-off rules, depreciation methods, and tax benefits available in Ireland.

1. Asset Classification