• Ireland Tax Features

  • Taxable Basis
    Ireland tax resident companies are taxed on their worldwide income whereas non-Ireland tax resident companies are taxed on income generated in Ireland

    Taxable Period
    Accounting year

    Corporation Tax Rate(s)
    12.5% for trading and 25% for non-trading profits

    Ordinary Tax Losses
    Can be carried forward indefinitely. Carry back for 1 year only

    Capital Gains
    Taxable

    Capital Gains Tax Rate(s)
    30% or 0% if participation exemption applies

    Capital Losses
    Can be set-off against taxable capital gains of same year or carried forward

    Stamp Duty
    Yes

    Capital Duty
    No

    Other Taxes
    N/A

    VAT
    Yes

    VAT Standard Rate
    23%

    VAT Reduced Rate(s)
    13.5%, 9%, 4.8% and 0%

    VAT Registration Threshold
    €37,500 or €75,000

    VAT Filing & Payment
    Every 2 months

The Knowledge Box Economy - Michael Noonan, Finance Minister of Ireland Tax has never before been as high on the international agenda. The OECD Base Erosion and Profit Shifting (BEPS) project was designed to provide an internationally coordinated approach to protect tax bases and provide comprehensive international solutions to the problems of base erosion and profit shifting.

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