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	Summary of Irish Corporate Tax Environment Corporation Tax System Company Profits Capital Gains Tax Distribution of Profits and Irish Withholding Tax Headquarters and Holding Companies Foreign Taxes – Double Taxation Agreements Research & Development (R & D) Tax Credit Patent Royalty Exemption Stamp Duty and Capital Duty Value Added Tax Customs and Other Duties Investing from the UK in Ireland

INVESTING IN IRELAND

VALUE ADDED TAX

VAT is chargeable on the supply of goods and services within the State by a taxable person in the course or furtherance of any business carried on by him and on goods imported into the State from outside the EU. VAT is chargeable on the intra-community acquisition of goods by VAT registered persons. VAT is also chargeable on certain other intra-community purchases of goods irrespective of whether the purchaser is registered for VAT. Where a taxable person in the State supplies goods to a VAT registered trader in another Member State, the supply is zero rated in Ireland. However the supply is liable to VAT as an intra-community acquisition in the other Member State.

Special rules apply with regard to electronically supplied services and radio and television broadcasting services.

VAT rates range from zero to 21% depending on the product or service, with most supplies being charged at 21%.

Companies which derive 75% or more of annual turnover from zero rated intra-community supplies of goods or from exports of goods, may apply to have most goods and services received by it and intra-community acquisitions and imports made by it, zero rated.

The Finance Act 2006 provides for revised rules with respect to the supply of a package comprising two or more elements which attract VAT at different rates.