The higher rate of DIRT - and the exit tax applying to life assurance policies and investment funds - are to be set at 41% from next year.
Announcing the measure, Minister for Finance Michael Noonan said the change would encourage investment and spending in the economy.
Budget 2014 will also see the abolition of the tax relief that has been available for those acquiring an interest in a partnership.
Meanwhile, a levy is to be introduced that will see the banking sector contribute an annual sum of €150 million to the Exchequer from 2014 to 2016.
Mr Noonan said the levy would be on the same basis as the one in place between 2003 and 2005 and would be broadly based on the amount of tax paid on deposit interest in 2011. He said the levy reflects the significant role played by the banking sector in the crisis.
Restrictions on the use of deferred tax assets for NAMA losses will also be removed.
Tobacco, alcohol duties to rise
From midnight, the duty applied to a packet of 20 cigarettes will rise by 10 cent, with a comparable increase being made on other tobacco prices.
Meanwhile, the duty on a pint of beer or cider, as well as a standard measure of spirits, will rise by 10 cent from tonight.
The duty applied to a 750ml bottle of wine will be increased by 50 cent at the same time.