Corporate Income Tax Rate                                      (%)12.5(a)

Capital Gains Tax Rate                                               (%)33(b)

Branch Tax Rate                                                          (%)12.5(a)

Withholding Tax                                                          (%)  

Dividends                                                                      20(c)(d)

Interest                                                                          20(d)(e)(f)

Royalties                                                                       20(d)(f)(g)

Payments from Irish Real Estate Funds                  20(h)

Branch Remittance Tax                                              0 

Net Operating Losses                                                (Years)  

Carryback                                                                      1 

Carryforward                                                                Unlimited

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(a)This rate applies to trading income and to certain dividends received from nonresident companies. A 25% rate applies to certain income and to certain activities. For details concerning the tax rates, see Section B.

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(b)A 40% rate applies to disposals of certain life insurance policies.

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(c)This withholding tax is imposed on dividends distributed subject to exceptions (see Section B).

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(d)Applicable to both residents and nonresidents.

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(e)Interest paid by a company in the course of a trade or business to a company resident in another European Union (EU) member state or in a country with which Ireland has entered into a double tax treaty is exempt from withholding tax, subject to conditions. See footnote (p) in Section F for details regarding an extension of this exemption. Bank deposit interest is subject to a 37% deposit interest retention tax (DIRT). DIRT exemptions apply to bank interest paid to nonresidents and, subject to certain conditions, bank interest paid to Irish resident companies and pension funds.

 

(f)Ireland implemented the EU Interest and Royalties Directive, effective from 1 January 2004.

 

(g)Under Irish domestic law, withholding tax on royalties applies only to certain patent royalties and to other payments regarded as “annual payments” under Irish law. The Irish Revenue has confirmed that withholding tax need not be deducted from royalties paid to nonresidents with respect to foreign patents (subject to conditions).

 

(h)A 20% withholding tax applies to payments from Irish Real Estate Funds (IREFs) to certain investors. A general exemption is provided for distributions of profits on disposals of property held for five years or longer. For further details, see Section B.

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The content is based on information current as of 1 January 2018, unless otherwise indicated in the text of the chapter. Changes to the tax laws and other applicable rules in various countries covered by this publication may be proposed. Therefore, readers should seek independent tax advice from their local and international firms to obtain further information.

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This publication contains information in summary form and is sourced from the Ernst & Young Worldwide Corporate Tax Guide, and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgment. Neither Aston & Willson LLP  or EYGM Limited nor any other member of an organization can accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication. On any specific matter, reference should be made to the appropriate advisor.