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For small and medium sized businesses in Ireland the corporate tax rate will not change. In Budget 2022 there is a commitment to keep the 12.5% rate intact for the SME sector.

However, for any companies with annual turnover in excess of €750m, the 12.5% corporate tax rate will be increased to 15%. This will happen from 01 January 2023 at the earliest.

 

 

Date published 13 Oct 2021

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

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We specialise in supporting independent businesses and work with 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

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Switching is simple

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