Wednesday, 30 November 2016

Irish 2017 Budget retains 12.5% corporate tax rate

The Irish 2017 Budget (the Budget) published on October 11, 2016, includes several welcome developments and positive comments for the foreign direct investment (FDI) community. As expected, the Minister for Finance was adamant that Ireland will not change its 12.5% corporate tax rate, while also reinforcing Ireland’s commitment to meeting international tax standards and providing tax certainty to businesses. Importantly, the Minister expressly stated that it is imperative for Ireland’s corporate tax rate to remain fair but competitive, making specific reference to the FDI opportunity for Ireland as a result of the British exit (‘Brexit’) from the European Union (EU).

Source & more info: PwC