Corporation Tax Rates
The low rate of corporation tax in Ireland is 12.5%.
The higher rate of corporation tax is 25% which is chargeable on non trade income, such as interest, dividends and rental income. The income in question is income chargeable under Case III (e.g. discounts, foreign income, interest on Government Securities, deposit interest not subject to D.I.R.T.), Case IV (royalties, miscellaneous income, deposit income subject to D.I.R.T.) and Case V (rental income from land and buildings in the State). The 25% rate will also apply to income from working minerals, petroleum activities and dealing in or developing land, other than construction operations.
Interest & Royalties
Payments such as interest and royalties can be made without deduction of tax within such a group resident in the EU.
Interest in the course of a trade or business
Interest in the course of a trade or business can be paid without deduction of withholding tax to a company resident in the EU or a tax treaty country.
If you require more information please consult your tax advisor or email us at tax@fixmytax.com. |
