Visit Professional Section

Questions And Answers

 

Registering My Business in Ireland

asked by Nick Schu posted 3 Years ago at 13:52
Hi all i work on a consultant basis and have a limited company, I pay my self mainly on a dividend basis and am currently in the upper bracket of Income Tax, I was thinking of re-registering my business in Ireland to take advantage of the low corporation tax of 12.5%. With all the issues occurring at moment and possible bail outs will the Irish Government be looking to raise corporation tax to increase revenues.
1-3 of 3 Answers
Piers Butler answered 3 Years ago at 21:38, last modified: 2 Years ago at 14:56
I would imagine that Ireland would keep their rates at 12.5% i think the most likely thing would be for them to increase VAT to try and claw back revenues. Low rates are what keeps them as being so attractive to large multinationals, facebook to name one of numerous corporations that have their European HQ's there. Ireland will do what ever they can to keep these corps there so i wouldn't worry too much about them raising it. Lets see if they take the bailout.
Quote
Nick Schu answered 3 Years ago at 21:49, last modified: 2 Years ago at 14:56
Yeah i think your right the fact that large corps are there does reassure me, at the end if the day they does raise these companies will just up sticks and leave.
Quote
malcomg answered 3 Years ago at 21:50, last modified: 2 Years ago at 14:56
I agree totally with you guys, i'm in ireland and i'm staying
Quote
 
 

About Q&A

Get your questions answered by a unique network of professionals and fellow consumers for free. Share your knowledge and experiences by answering other consumer questions from the Total Investor community.

Q&A Categories