Ireland and Marshall Islands: Tax Information Exchange Agreements (TIEA)
On February 10, 2015, the TIEA between Ireland and the Marshall Islands entered into force and effective from that
See MoreIreland: VAT Rates on Stock Exchange Fees
The tax authority of Ireland, the Revenue Commissioners, has updated Part 5.69 of its value-added tax (VAT) manual to explain the VAT treatment related to stock exchange fees. The guidance contains fees for firms trading securities on the Irish
See MoreDTA between Taiwan and Ireland under negotiation
On January 13, 2015, Ma Ying-jeou, the Taiwanese president said that the Republic of China and Ireland have enjoyed close exchanges in recent years and that both sides are now negotiating on signing an agreement for the avoidance of double taxation
See MoreDenmark & Ireland: Protocol to DTA ratified by Denmark
On 9 December 2014 Denmark ratified the amending protocol to the Denmark - Ireland Income Tax Treaty (1993), by way of Bill L 5. Further details of the protocol will be reported when they are
See MoreIreland signs new Double Taxation Agreement (DTA) with Ethiopia
Ireland and Ethiopia has signed a new Double Taxation Agreement (DTA) on November 3, 2014. The legal procedures to bring these agreements into force will need to be
See MoreBasis of imposing tax of Resident Companies is wider than non-resident companies in Ireland
Resident company is taxed on its worldwide income and capital gains. It excludes most distributions received from other Irish-resident companies. A non-resident company operating through its Irish Branch is taxed on the profits obtained from that
See MoreIreland: Individual Income tax cuts in Budget of 2015
Finance Minister of Ireland has announced to cut the marginal rate of individual tax and also set out plans for the reform of the corporate tax regime in 2015 budget. The budget is aimed to recover the economic condition of Ireland. The marginal
See MoreIreland: Changes of tax rules in Budget 2015
The Ireland’s Ministry of Finance announced tax rules changes on 14 October 2014 with the plan to attract foreign investment through creating a competitive environment. The summary of the changes are as follows: Elimination of maximum
See MoreIreland: 2015 budget amendments and revocation of “double Irish” structure
Ireland presents 2015 budget on October 14, 2014 with some proposals concerning amendments of provisions for business and corporate taxpayers. The summary of the amendments are as follows: No change of 12.5% corporate tax rate; The residency
See MoreIreland and Denmark signed a Protocol
On July 22, 2014, Ireland and Denmark signed a Protocol to amend their Double Tax
See MoreIrish Personal Income Tax Cuts may be Needed
The American Chamber of Commerce Ireland has suggested that the high marginal individual income tax rates in Ireland combined with the low threshold for the highest rate create an obstacle to attracting key personnel. This also causes a cost burden
See MoreIreland: Retailers Call for Personal Income Tax Cuts
The retail industry body Retail Ireland is confident that the retail sector will experience a significant recovery in 2014 and has requested individual income tax cuts to increase the spending power of the public and ensure that the public has more
See MoreIreland Reports Resurgent Tax Receipts
Revenue collections to the end of April have risen by comparison to the same period in the previous year. The increased tax collection has helped to reduce Ireland’s fiscal deficit. The income tax collection has increased in 2014, mainly as a
See MoreIreland Eases Rules for LPT Concessions
Certain relief from Ireland’s Local Property Tax (LPT) is available for some disabled individuals. The Finance Minister has now announced that the scope of these reliefs is to be extended. The exemptions relate to property that are built or
See MoreIreland – Belgium DTA
Ireland and Belgium signed a Protocol to amend their double taxation agreement (DTA) on April 14, 2014. The new Protocol updates the Article of the treaty in respect of the exchange of tax information, strengthening the measures for information
See MoreIreland Increases Carbon Tax Rates
With effect from May 1 2014 the solid fuel carbon tax is to be raised. This change will bring the tax up to a level that is equivalent to EUR20 (USD28) per tonne of CO2 emitted, in line with the tax payable in respect of other fossil fuels. This
See MoreIreland – Online Portal to Administer Home Tax Break
Ireland’s revenue agency is using an online portal to manage a new property improvement tax relief called the Home Renovation Incentive (HRI). This provision is intended to give value-added tax (VAT) relief, but the HRI is to be managed through an
See MoreIreland – Corporate Tax Rate Effectively Below 11 Percent
A recent technical note issued by the Department of Finance indicates that Ireland has maintained an effective corporate tax rate of about 11 percent since 2003. Enterprises operating in Ireland are liable to corporation tax at 12.5 percent on
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