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Retained

  • Statutory Tax Rate 12.5
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 12.5

Statutory Tax Rate

The standard rate of corporation tax for trading profits is 12.5% for 2003 and thereafter. For certain non-trading profits, as well as profits from mining, certain petroleum activities and dealing in or the development of land, the corporation tax rate is 25%. The Finance Act 2008 introduced a Profits Resource Rent Tax for companies carrying on a petroleum trade. Where applicable, the tax rates range from 5% to 15%, and are in addition to the normal corporation tax rate of 12.5%.

Capital Gains

  • Statutory Tax Rate 33
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 33

Statutory Tax Rate

Worldwide capital gains realized by resident companies are subject to corporation tax at the rate of 33% (30% for gains arising before 6 December 2012). An exemption applies where an Irish resident company disposes of a shareholding in a company resident in Ireland, another EU Member State or a country with which Ireland has a tax treaty. To qualify for the exemption, the shareholding must be at least 5% of the share capital of the investee company. The shareholding must not derive its value from Irish real estate and must have been held for a continuous period of 12 months in the 2 years prior to the disposal.