tax

Investing in Ireland

Peter Vale
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Contents

Ireland’s low corporate tax rate, holding company regime, Research and Development (R&D) tax credit, Knowledge Development Box (KDB), Digital Games tax credit and Intellectual Property (IP) relief make it a very popular choice for inward investment. Companies based in Ireland view it as a uniquely attractive location in which to do business.

Ireland remains committed to its corporation tax rate of 12.5%. Under the OECD Pillar Two rules, Ireland will adopt the 15% minimum effective tax rate; however, this minimum rate will only apply to multinational enterprises (MNEs) with consolidated revenues of €750m or more. Therefore, the 12.5% rate will continue to apply to companies below this threshold. Ireland’s domestic legislation to implement the 15% minimum effective tax rate will follow the EU Directive with effective date of 1 January 2024.

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