AITI Chartered Tax Adviser

How are Irish resident companies charged for corporation tax?

A company is treated as resident in the Republic of Ireland (ROI) for tax purposes if:

(a) it is incorporated in the ROI, or

(b) it is managed and controlled in the ROI, i.e., the directors’ meetings are held in Ireland and key management decisions are made here.

A company that is merely incorporated in Ireland is not automatically treated as resident here if it is controlled by shareholders who are resident in another EU State or in a country with which Ireland has a tax treaty.

A company resident in Ireland is liable to Irish corporation tax on its worldwide profits. A company resident in a country with which Ireland has a tax treaty is not regarded as resident in Ireland for tax purposes.