Pension contributions for self-employed people in Ireland Here are the rates that self-employed people can contribute to their pensions, which are based on age: Under 30 15% 30 to 39 20% 40 to 49 25% 50 to 54 30% 55 to 59 35% 60 and over 40%
What is Rent a Room Relief? Rent a Room Relief allows Irish householders to rent a room or rooms in their property free of income tax, PRSI or USC up to a maximum of €14,000 per year. This amount includes any payments made to the householders for electricity etc. Do I have to live at …
There are new tax benefits available to Irish companies for spending on research and development. The tax treatment in Ireland has changed recently to encourage such spending. We have set out below the tax implications of the old system and the new system. Old system The old system applied to accounting periods commencing on or …
Research and Development Expenditure – Tax relief Read More »
Investors into European Union (EU) countries and countries where Ireland has signed a double tax treaty can save tax by using an Irish holding company for their investments Ireland has become a very attractive place to locate an Irish holding company. Holding companies own shares in other companies. The companies the shares in are called ‘subsidiaries’. …
Dublin is the capital of Ireland and has grown quickly in the last few years. Ireland has attracted more than it’s fair share of multinational technology companies and the whole country has benefited as a result. We are based close to the centre of Dublin, with easy access to public transport. Established in 1995, OSA …
Systemising your business Of all the things you can do to help build value in your Irish business, building a system to run and manage your business may be the single best thing you can do to create extra value. This means that you remove yourself from the centre of the web of systems that …
Business Plan A business plan is a document that contains a profile of your company, and a vision of its future. You may give it to potential lenders, investors and partners, and you may also use it internally to plan for the future of your business. In Ireland many businesses use their accountants to help …
Mileage rates for employees in Ireland Irish Revenue have agreed mileage rates for employees who use their own cars in the course of their work. The following are the rates effective from 1st April 2017: Engine Capacity up to 1200cc 1-1,500 kilometres 37.95 cent per kilometre Over 1,500 kilometres less than 5,500 kilometres 70.00 cent …
Tax deadlines There are a few key dates for all Irish businesses you should be aware of. Companies: Corporation Tax deadline – you need to file an Irish Corporation Tax Return each year 8 months and 23 days after the year end. Corporation Tax payments – you need to pay the first chunk of Corporation …
Directors Responsibilities If you are an director in an Irish company you have responsibilities which are many and varied but the following list covers the important issues: Keep proper books and records so that the financial position of the company can be determined quickly Ensure accounts are prepared each year File accounts with the Irish …
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