How high are Ireland taxes?

The corporate tax rate in the Republic of Ireland is 12.5%. This is one of the lowest corporate tax rates in the world, and it makes Ireland an attractive location for businesses. The low corporate tax rate has been a major factor in attracting foreign direct investment to Ireland.

Personal Income Tax Rates

The personal income tax rates in the Republic of Ireland are progressive, ranging from 20% to 40%. The top marginal tax rate of 40% is applied to taxable income over €35,300.

Value-Added Tax (VAT)

The VAT rate in the Republic of Ireland is 23%. VAT is a tax on goods and services that is paid by the consumer. It is added to the price of goods and services before they are sold.

Capital Gains Tax (CGT)

The CGT rate in the Republic of Ireland is 33%. This tax is paid on profits made from the sale of assets such as stocks, shares, and property.

Inheritance Tax (IHT)

The IHT rate in the Republic of Ireland is 33%. This tax is paid on the value of assets that are passed on to beneficiaries after someone dies.

Overall, the tax rates in the Republic of Ireland are relatively low compared to other countries in Europe. This has helped to make Ireland an attractive location for businesses and individuals.