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Taxation
IN THE REPUBLIC OF IRELAND
by Timur Shafeev
Contents
Preface
 Chapter 1. Direct taxes
 Chapter 2. Indirect taxes
 Chapter 3. Taxation evasion
and tax avoidance
Conclusions
Preface
Preface
The Irish tax system is primarily in place to
pay for current expenditure programs, such
as:
 universal free education
 taxpayer funded healthcare
 social welfare payments
 public capital expenditure
Chapter 1.
Income tax
For administrative purposes,
taxable income is
expressed under four
schedules:
Schedule
C
Schedule
D
Schedule
E
Schedule
F
Chapter 1.
Pay Related Social Insurance
It includes social insurance
and a health contribution.
Social insurance payments
are used to help pay for social
welfare payments and
pensions.
Social
Insurance
Fund
employees
employers
self-
employed
government
Chapter 1.
Capital gains tax
Land and buildings in
Ireland
Minerals or mining
rights in Ireland
Exploration or
exploitation rights in a
designated area of
the Irish Continental
Shelf
Shares (not quoted
on a stock exchange)
deriving their value
from any or all of
items 1, 2, or 3
Assets in Ireland used
for the purpose of a
business carried on in
Ireland
Chapter 1.
Capital acquisitions tax
Chapter1
Deposit interest retention tax
 charged at 30%
 deducted by the bank or
other deposit-taker before
the interest is paid to you
Chapter 1.
Corporation tax
 charged on the profits of
companies
 certain expenses can be
offset against profits
 current rate ranges from
10% to 25%
12,5%
Chapter 2.
Value Added Tax
0% on books, children's clothing and
educational services and items.
13.5% rate applies to many labour-
intensive services.
4.8% rate applies to supply of
livestock and greyhounds.
5.2% "flat rate addition" applies to
the agricultural sector
23% on the majority of goods.
Chapter 2.
Excise Tax
Chapter 3
Taxation evasion and tax avoidance
 most people pay at source
 penalties for evasion are high
Conclusions
Customs & Excise
14%
Capital Tax
21%
Stamps
20%
Income Tax
6%
Corp Tax
13%
VAT
26%
STRUCTURE OF REVENUES

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Taxation in the Rebublic of Ireland

  • 1. Taxation IN THE REPUBLIC OF IRELAND by Timur Shafeev
  • 2. Contents Preface  Chapter 1. Direct taxes  Chapter 2. Indirect taxes  Chapter 3. Taxation evasion and tax avoidance Conclusions
  • 4. Preface The Irish tax system is primarily in place to pay for current expenditure programs, such as:  universal free education  taxpayer funded healthcare  social welfare payments  public capital expenditure
  • 5. Chapter 1. Income tax For administrative purposes, taxable income is expressed under four schedules: Schedule C Schedule D Schedule E Schedule F
  • 6. Chapter 1. Pay Related Social Insurance It includes social insurance and a health contribution. Social insurance payments are used to help pay for social welfare payments and pensions. Social Insurance Fund employees employers self- employed government
  • 7. Chapter 1. Capital gains tax Land and buildings in Ireland Minerals or mining rights in Ireland Exploration or exploitation rights in a designated area of the Irish Continental Shelf Shares (not quoted on a stock exchange) deriving their value from any or all of items 1, 2, or 3 Assets in Ireland used for the purpose of a business carried on in Ireland
  • 9. Chapter1 Deposit interest retention tax  charged at 30%  deducted by the bank or other deposit-taker before the interest is paid to you
  • 10. Chapter 1. Corporation tax  charged on the profits of companies  certain expenses can be offset against profits  current rate ranges from 10% to 25% 12,5%
  • 11. Chapter 2. Value Added Tax 0% on books, children's clothing and educational services and items. 13.5% rate applies to many labour- intensive services. 4.8% rate applies to supply of livestock and greyhounds. 5.2% "flat rate addition" applies to the agricultural sector 23% on the majority of goods.
  • 13. Chapter 3 Taxation evasion and tax avoidance  most people pay at source  penalties for evasion are high
  • 15. Customs & Excise 14% Capital Tax 21% Stamps 20% Income Tax 6% Corp Tax 13% VAT 26% STRUCTURE OF REVENUES