1. Ireland’s
Tax Regime
The Irish tax regime is open and transparent and complies
fully with OECD guidelines and EU competition law.
“
”
The Government
remains 100% committed
to maintaining the 12.5%
Corporation Tax Rate.
Budget 2013 Speech,
Minister for Finance,
Michael Noonan, TD
25%Research and
development
tax credit
The Irish tax take on
corporate tax as a
proportion of GDP is in
line with European
norms
2.4%
IN 2011
2.5%
EU27
€7.3 billion*
is the total Payroll into
the economy by IDA
Ireland client companies
€2.7 billion*
on Corporate Tax payments
to the Exchequer by IDA
Ireland client companies
The Irish Tax Regime is
committed to transparency
and proper regulation of activities.
One of the 1st countries
to have its Tax System
Peer-Reviewed in 2010
leading to the publication
of a very favourable report by the
Global Forum
One of the 120 members of
the OECD Global Forum on
Tax Transparency
Ireland has demonstrated its commitment to
working with the international community to
combat tax avoidance and evasion.
Ireland implements The Foreign
Account Tax Compliance Act with
the US.
Ireland is one of the 1st countries
to sign the Agreement to
Improve International Tax
Compliance with the US.
Ireland has signed (2011) and
ratified (2013) the OECD /
Council of Europe Convention on
Mutual Assistance in Tax Matters.
Ireland, along with France, Japan
and the United States of America,
is a Bureau member of the OECD’s
Forum on Harmful Tax Practices.
Ireland offers a
transparent
corporation tax
regime accompanied
by a growing network
of international tax
treaties with full
exchange of tax
information.
69Double taxation
treaties signed
80%of world trade
covered by these treaties
Over 20 Tax Information
Exchange Agreements
(TIEAs) concluded
12.5%
17%
20%
23%
24.43%
25%
25%
28.8%
33%
33.99%
34%
34.43%
38.01%
40%
42%
IRELAND
SINGAPORE
RUSSIA
UK
SWITZERLAND
NETHERLANDS
CHINA
LUXEMBOURG
GERMANY
BELGIUM
BRAZIL
FRANCE
JAPAN
USA
INDIA
CORPORATION
TAX RATE
Sources:
* IDA Ireland (2011 latest data available)
** PricewaterhouseCoopers, 2013
**
June 2013www.idaireland.com