Corporate Tax in Ireland

Overview by
Tax Base For Resident and Foreign Companies
Corporate tax is charged on the company’s profits. It includes both income and chargeable gains. The corporation tax in Ireland is quite low, and is often cited as an example of tax competition, as it is used as an incentive for foreign companies to invest in the Irish Republic.
On rules for non-resident individual

Tax Rate

Corporate tax rate 12.5%
Corporate tax applied to companies keeping certain conditions back in 1998 10% (the tax is being phased out)
Corporate tax is imposed on passive income (rent, investments...) 25%
For more information Ireland Tax Office
Tax Rate For Foreign Companies
A company resident in Ireland for tax purposes is subject to corporation tax on its worldwide income. With some exceptions, a company incorporated in Ireland is automatically considered to be Irish tax resident. A company is also considered to be Irish tax resident if it is managed and controlled in Ireland.
Capital Gains Taxation
Capital gains are taxed to the rate of 12.5%.
Main Allowable Deductions and Tax Credit
Offset of losses, transaction between affiliated parties, financing costs, bad costs, depreciation expenses.
Consult the list of Irish tax deductions.
Other Corporate Taxes
Stamp duties; Carbon tax at a rate of EUR15 per tonne; Withholding Tax

Country Comparison For Corporate Taxation

  Ireland OECD United States Germany
Number of Payments of Taxes per Year 9.0 14.2 11.0 16.0
Time Taken For Administrative Formalities (Hours) 76.0 199.3 187.0 215.0
Total Share of Taxes (% of Profit) 26.5 43.0 46.8 48.2

Source: Doing Business

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.

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