Taxation in Ireland
Paying some form of tax is a certainty when operating a business in Ireland. Sole Traders and Limited Companies are legally required to pay tax.
There are four main taxes in Ireland: Corporation Tax/Income Tax, Value Added Tax (VAT) and Employers Taxes – Pay As You Earn (PAYE).
All of these taxes apply to Irish limited companies depending on what activities your company carries out. Corporation Tax is a compulsory tax for all limited companies in Ireland. However, Sole Traders don’t register for Corporation Tax, only Income Tax.
Before you employ staff, you need to register for Employers PAYE and there are certain criteria you need to meet before you apply for VAT registration.
Having Premier Accounts Assist as your accountant from the start of your business journey will mean your business is set-up and registered for the correct tax. We will also file your correct tax returns at the end of the year. If you need help with your tax situation, please get in touch with a member of our team and we can talk you through the services you need to get your business off the ground.
You can call us on 045 909738 or email firstname.lastname@example.org. We’re here to help and happy to answer any questions you have!