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Corporate tax study shows effective tax rate of 8.4%

April 22nd, 2014
According to a recent study published by the Department of Finance, the effective rate corporation tax in Ireland is estimated at 8.4%.

Recently the Irish Department of finance released a study on effectuve rates of corporate taxation in Ireland. One of the most interesting findings pointed to an effective rate of taxation of 8.4%, a measure, according to the report , calculated based on ‘Net Operating Surplus’. A second measure based on the tax due as a proportion of Taxable Income from the Corporation Tax Distribution Statistics produced by the Revenue Commissioners showed a higher effective rate of 10.4 per cent.

The figure of 2.2%, as reported previsouly still stands for firms such as US multinationals operating in Ireland. The official corporate rate of tax remains at 12.5%.

These figures show that Ireland remains one of the most attractve jurisdictions for location of companies and also for special purpose vehicles. You can view the full report from the Department here.

City Trust and Corporate Services Ltd. is authorised by the Irish Department of Justice and Equality to carry on business as a trust or company

service provider (TCSP) Registered in Ireland, 1st Floor, Liffey Trust Centre, 117 to 126 Sheriff Street Upper, Dublin 1. Company Reg No. 182760