top of page

Ireland

Delivery:

Price: $

Payment methods:

payment methods.webp
UK comapny formation (1).webp

About

Ireland

Capital
Official languages
Population 
Currency

ISO 4217

Dublin

Irish and English

4.9 million

Euro

EUR

Document checklist:

Process

Economy

"Ireland has seen a steady growth in its economy over the past few years. According to the Central Statistics Office, Ireland's GDP grew by 4.2% in 2018, making it one of the fastest growing economies in the European Union. The unemployment rate has also decreased significantly, dropping from 8.3% in 2017 to 5.7% in 2018. This is the lowest rate since 2008.

The Irish economy is largely driven by exports, with the top exports being pharmaceuticals, medical and optical equipment, and organic chemicals. In 2018, exports totaled €118.3 billion, an increase of 8.2% from 2017. Ireland also has a strong tourism industry, with over 10 million visitors in 2018, generating €6.7 billion in revenue.

Overall, Ireland has seen a strong and steady growth in its economy over the past few years, with exports and tourism playing a major role in driving the economy forward."

Taxation

In Ireland, both corporations and individuals are subject to income tax, value-added tax (VAT), and various other taxes and duties. Here is an overview of the tax system in Ireland:


Corporate taxation:

- Corporate income tax is levied on the profits of companies at a standard rate of 12.5% for trading income and 25% for non-trading income, with certain exceptions for specific industries.

- Dividend payments made by Irish companies to shareholders are generally exempt from tax.

- Other taxes and duties that companies may be subject to include employer's social security contributions, local property tax, and customs duty.


Personal taxation:

- Individuals in Ireland are subject to personal income tax on their worldwide income at progressive rates ranging from 20% to 40%, depending on their income level.

- Social security contributions are also deducted from employees' gross salaries under the Pay-Related Social Insurance (PRSI) scheme.

- Other taxes that individuals may be subject to include the Universal Social Charge, capital gains tax, and inheritance tax.


Tax payment process and calendar:

- Irish taxpayers are required to file their tax returns annually by the end of October of the year following the tax year.

- The tax year in Ireland is from January 1st to December 31st of the same year.

- Companies are required to pay corporate income tax in two instalments throughout the year, with the first instalment due by the 23rd day of the sixth month of the accounting period and the second instalment due by the 23rd day of the eleventh month of the accounting period.

- Individuals may be required to pay preliminary tax if their tax liability for the year exceeds a certain amount. Preliminary tax payments are made in two instalments throughout the year, with the first instalment due by the 31st day of the seventh month of the tax year and the second instalment due by the 31st day of the tenth month of the tax year.

- Late tax payments are subject to penalties and interest charges.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page