Tax Planning in Ireland |
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Healy Consultants has assisted many international organisations to both establish and manage operations in Ireland. The core reason for their success is a comprehensive plan of action for tax planning in Ireland. International investors tax planning in Ireland will note that the country has a low corporate tax rate of just 12.5%. Some of the most important points related to tax planning in Ireland include: |
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In accordance with the Finance Act of 1999, all Ireland-incorporated companies pay corporation tax on their worldwide income when tax planning in Ireland |
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When tax planning in Ireland, Ireland-resident companies are liable to pay capital gains tax of 20%. Non-resident companies must pay capital gains tax upon disposal of certain assets in Ireland, such as land. Exemptions on paying capital gains tax may include: i) Transfer of assets within a group and in merger/reconstruction situations and ii) The disposal of shares in a subsidiary of an Irish resident holding company, provided the subsidiary is resident in the EU or in a country with which Ireland has a double taxation agreement. The subsidiary must hold a minimum 5% of the ordinary share capital, and a minimum of 5% of the economic rights in the subsidiary for a continuous period of at least 12 months within the previous 24 months. |
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Prior to 1999, Ireland offered a range of tax incentives to companies setting up in Ireland. However, under an agreement with the European Union (EU) to prevent harmful tax competition, Ireland agreed to levy a 12.5% tax rate across the board. |
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When tax planning in Ireland, take into account that Ireland has signed Double Tax Treaties with 62 countries, 55 are currently in effect. |
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When tax planning in Ireland, it is important to factor in the Value Added Tax (VAT) of 21% which is applied to the imports of goods from outside the EU, and to the supply of goods and services within Ireland. However, exporters from Ireland can take advantage of incentives. For example, exporters supplying more than 75% of their products to EU or non-EU countries may be eligible to buy goods and services at 0% VAT. |
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The minimum turnover thresholds for registering for VAT in Ireland are EUR 37,500 for supply of services and EUR75,000 for companies supplying goods. While some companies may not need to register for VAT, the majority do due to the relatively low turnover levels. |
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Healy Consultants' Ireland tax planning strategies are tailored to meet the precise needs of international entrepreneurs. Unlike many corporate services providers, we take a global approach to our Ireland tax planning services, thinking 'outside the box' to provide a creative solution which fits your needs. Our Ireland tax planning strategies include but are not limited to: |
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Offshore Trusts and Foundations - Another effective aspect of Healy Consultants' Ireland tax planning strategies, Offshore Trusts are ideal for entrepreneurs and high net worth investors who need to legally minimise their international tax exposure and optimise asset protection. |
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Ireland corporate bank accounts - Offering a reputable, reliable Ireland corporate bank account is a fundamental part of Healy Consultants' Ireland tax planning strategies portfolio. We can assist you to open a Ireland corporate bank account with leading international banks in the jurisdiction of your choice, with tax advantages in mind. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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Ireland Company formation - One of Healy Consultants' core Ireland tax planning strategies is Ireland company formation. A properly structured Ireland company is a tax-efficient corporate vehicle through which international business can be conducted and is a legal way to protect global assets. |
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Mergers and Acquisitions (M&A) - Some clients approach us for assistance with their merger and acquisition plans. Our Ireland tax planning strategies include providing invaluable advice on drawing up an M&A roadmap and developing a tax-efficient structure going forward. |
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Ireland Corporate and Ireland income tax advice - Healy Consultants can advise on the latest corporate and income tax rates in Ireland, as well as assist our client to prepare and submit Ireland corporation tax computations and Ireland tax returns to the relevant tax authorities. |
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International tax legislation - At the heart of any successful tax minimisation strategy is the need to keep abreast of international tax legislation. A key aspect of Healy Consultants' Ireland tax planning services lies in keeping our clients informed of regulatory changes before they can have any negative impact. |
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| Contact Us | ||||||||||||||
| For more information on tax planning in Ireland, email us at email@healyconsultants.com or telephone us in Singapore at (+65) 6735 0120. | ||||||||||||||
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