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Start Your Own Business

in Blog

The Start Your Own Business Scheme Explained

 

The scheme provides relief from Income tax for long term unemployed people who start a business. It is available from the 25th October 2013 to the 31st December 2016.

Who can avail of it?

Long term unemployed individuals who start a new business.

They must be unemployed for 12 months or more before starting the business.

WHAT IS THE MAXIMUM RELIEF THE SCHEME CAN PROVIDE?

A maximum relief from Income Tax of €40,000 per year for a period of two years.