Ireland

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Tax Policy

TAX POLICY

Ireland Income Tax Rate 41%

Ireland Corporate Tax Rate 12.5 or 25%

Ireland Sales Tax / VAT Rate 21%

Income tax rates  

 

2011 €

2010 €

Single & Widowed Persons: No Dependent Children

 

 

20% on first

32,800

36,400

41% on balance

 

 

Single & Widowed Persons: Dependent Children

 

 

20% on first

36,800

40,400

41% on balance

 

 

Married Couples: One Income

 

 

20% on first

41,800

45,400

41% on balance

 

 

Married Couples: Two Incomes*

 

 

20% on first

65,600

72,800

41% on balance

 

 

* Excess over €41,800 (2011) and  € 45,400 (2010) non transferable between spouses

 

 

Income Levy -Replaced in 2011 with Universal Social Charge

 

 

2% on first

 

75,036

4%

 

99,944

Corporation tax

Standard Rate on Trading Income*

12.5% from 1 January 2003

Investment/Rental Income

25%

Manufacturing Rate

10% (only for established qualifying companies; ceases Dec 31 2010)

*Special rates apply to dealings in land

 

VAT rates:

21.0%

This standard rate applies to all supplies not chargeable at other rates.

Examples - Cars, Petrol / Diesel, Telephone services, soft drinks and alcohol, computers and software, consultancy services.

13½%

Heating fuel, electricity, restaurant services, newspapers, hotel and B&B lettings, property and Child Car Seats (with effect from 1 May 2007, please see below)

0%

Examples - Exports, certain food and drink, oral human medicine, books, children's clothing and footwear. 4.8%   "Flat Rate Addition" 5.2% Examples - Livestock, live greyhounds , hire of horses and the "Flat Rate Addition" . VAT Exempt Services  Examples - Financial, insurance, educational, training, medical, optical, and dental and passenger transport services.