CORPORATION TAX

Strategically Navigate Ireland's Corporate Tax Landscape with Walsh Business Consulting

For numerous years, Ireland has maintained a competitive corporate tax environment characterised by a flat 12.5% rate applied to Irish trading profits. Recent developments have further enhanced this favourable landscape with the introduction of a 0% rate for new trading companies during their initial three years of operation, subject to specific conditions. It's important to note that a higher rate of corporation tax, set at 25%, applies to non-trading income, such as rental income.

Understanding Corporation Tax in Ireland

Corporation Tax in Ireland applies to all profits, regardless of their origin, for companies resident within the country. Additionally, it encompasses profits generated by non-resident companies, but only to the extent that these profits are attributable to an Irish branch or agency. However, it's worth noting that certain exemptions and reliefs are available to mitigate tax liabilities.

Ireland's taxation framework is equipped with numerous incentives designed to attract foreign investment into the country. Some of these incentives simplify the process of conducting business in Ireland. One of the standout features that has consistently drawn businesses to Ireland is the highly favourable corporate tax rate.

Ireland's Commitment to Low Corporation Tax

It is evident that Ireland remains steadfast in its commitment to fostering a favourable corporation tax regime. The standard rate of 12.5% applies to trading profits without any upper limit, making Ireland an attractive destination for multinational corporations seeking to establish a presence here. Furthermore, Ireland's dedication to low corporation tax is exemplified by the extension of the three-year start-up exemption, solidifying its appeal as a hub for business growth and innovation.

Contact Walsh Business Consulting today to explore Ireland's corporate tax advantages and ensure your business thrives in this advantageous tax landscape.