Chambers Global Practice Guide to Corporate Tax 2019: Ireland

Ireland has two rates of corporation tax: a 12.5% rate and a 25% rate. The 12.5% rate applies to the trading income of a company which carries on a trade in Ireland (including certain qualifying foreign dividends where paid out of trading profits). There is no precise definition of what constitutes trade for this purpose but, broadly, where a company is carrying on an active business in Ireland on a regular or habitual basis and with a view to realising a profit, it should be considered to be trading for tax purposes…. Read more.