There will be no income-tax cuts or hikes for workers in next month's Budget, the Cabinet has agreed.
Yesterday, the Taoiseach and his ministers signed off on an agreement that there will be no changes to tax bands and tax credits in next month's Budget despite the rising cost of the Covid-19 pandemic.
It is also understood there will be no changes to PRSI or USC.
The Cabinet agreed the focus of the Budget would be on responding to the coronavirus crisis, while also investing in health, housing and climate action.
Money will also be set aside for a national recovery fund that will be used to deal with the expected economic fallout from the Covid-19 crisis.
Yesterday, Finance Minister Paschal Donohoe brought a memo to Cabinet outlining his intentions ahead of the Budget, which is due to be announced in the second week of October.
There are scarce resources for new measures, due to the rising cost of the pandemic.
The Programme for Government says any tax rises will focus on taxing behaviours with negative effects such as carbon taxes, sugar taxes and plastics levies.
Tax strategy papers published this week provided Mr Donohoe with a number of options for increasing taxes to address climate change.
Meanwhile, a re-evaluation of the local property tax (LPT) is to be delayed for another year. The Cabinet will today agree to postpone significant changes to how property tax is charged; these changes were due to be announced in this year's Budget.
Around 80,000 homeowners who have been exempt from the tax for the last seven years will also not have to pay next year. The majority of those with exemptions are property owners who bought new homes after 2013.
Last April, before the 2020 General Election, Mr Donohoe announced that changes to the property tax regime would be made by the next government in November this year.
At the time, the then Fianna Fáil finance spokesman Michael McGrath said Mr Donohoe's decision was "a classic example" of "kicking the can down the road". Mr McGrath said the decision was "about the electoral cycle" and was a sign of "weak government".
Property tax charges have not changed since they were first introduced and if the Government was to re-evaluate the charges based on current house prices, the tax would sky-rocket for homeowners.
Mr Donohoe produced a report last year that detailed a series of options for changing how the tax is calculated.
Dublin TDs have insisted for a number of years that the valuation method should be changed. They say it unfairly costs urban homeowners more because their houses are valued at a higher rate than those in rural communities.
There have also previously been calls to reduce the rate of property tax charged to the over-70s.
The Programme for Government says the Fianna Fáil, Fine Gael and Green Party Coalition will bring forward legislation for the LPT on the "basis of fairness" so that most homeowners will not face significant increases.
It also says they will bring new homes, which are currently exempt from the charge, into the taxation system.
It says all money collected locally will be retained within the county where it is collected. "This will be done on the basis that those counties with a lower LPT base are adjusted via an annual national equalisation fund paid from the Exchequer, as is currently the case," it adds.