Tax presence
Ireland
Private company limited by shares (LTD)
If an Irish tax resident, a LTD is subject to Irish corporation tax on its worldwide income at 12.5 percent on its trading income and 25 percent for non-trading (ie, passive) income.
If non-resident for Irish tax purposes, a LTD is not subject to Irish corporation tax unless it carries on a trade in Ireland through a branch or agency or if it receives income from Irish sources (eg, income from the rental of Irish properties).
External company
An Irish branch is subject to Irish corporation tax on:
- Trading income arising directly or indirectly through or from the branch
- Any income from property or rights used by, or held by or for, the branch and
- Chargeable gains accruing on the disposal of Irish land and any assets situated in Ireland which are used for the purposes of a trade carried on by the Irish branch or are held for the purposes of the branch.
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