This page contains information about Ireland’s Tax. In Ireland there is an Income Tax, it is charged in respect all property, profit, or gain. There are 2 tax brackets, 20% (the standard rate) and the balance of income at 40% (the higher rate). The brackets depend on the individual’s category.
Corporation tax is a levy on a company`s profits. Companies operating in Ireland are chargeable to corporation tax at the 12.5%. Corporation Tax is calculated by deduction expenses including the cost of goods sold and depreciation from revenue.