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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

DISTRIBUTIONS OF PROFITS AND IRISH WITHHOLDING TAX

A withholding tax of 20% applies to dividends and other profit distributions made by an Irish tax resident company. However extensive exemptions are available in cases of certain payments to certain shareholders including:

Irish tax resident companies, a pension scheme, a qualifying employee share ownership trust, a collective investment undertaking;
Certain companies and individuals that are residents of other EU member states or tax treaty countries. Special rules apply in respect of distributions made by close companies.

In the case of a close company, a surcharge of 20% ( on its after tax investment income or rental income ) may be payable where the close company does not distribute this investment income or rental income within 18 months of the end of the accounting period. In general terms, a close company is a company which is under the control of five or fewer participators or under the control of its directors.