Tax Planning in Ireland

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:
1.	In accordance with the Finance Act of 1999, all Ireland-incorporated companies pay corporation tax on their worldwide income when tax planning in Ireland
2.	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.
3.	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.
4.	When tax planning in Ireland, take into account that Ireland has signed Double Tax Treaties with more than 48 countries. For more information on how Ireland's Double Tax Treaties can assist your tax planning in Ireland, kindly follow this link.
5.	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.
Contact Us
For more information on tax planning in Ireland, email email@healyconsultants.com or telephone us in Singapore at (+65) 6735 0120.
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