Corporation Tax

Corporation tax is paid on the trading profits, income and most gains of companies operating in Ireland, at 12.5% for active trading income and 25% for other sources of income such as foreign profits, and passive income, e.g. rent or deposit interest. This is a relatively low rate of corporation tax in Eurozone terms and it is one of the cornerstones of Irelandís tax policy, as it is used as an incentive for foreign companies to invest in the State.

O'Hanlon Tax Limited provides a full range of compliance services including consultancy advice on corporate restructuring proposals, advice on dealing with transactions tax efficiently to manage cashflow, and the preparation of tax calculations with the submission of corporation tax returns.

Tax compliance dates, rates and rules change from time to time and the late payment of tax or late filing of returns can lead to the imposition of interest and penalties. We can advise on when tax payments fall due, what level of tax should be paid, and whether there is scope to reduce the corporation tax liability through the use of tax reliefs and exemptions. We can also liaise with Revenue to resolve disputed tax issues.