Ireland

Ireland's Rankings
CategoryRankScore
Overall Rank1766.9
Corporate Taxes577.48
Individual Taxes3350.04
Consumption Taxes2363.52
Property Taxes1171.88
International Tax Rules1381.07

Ireland ranks 17th overall on the 2019 International Tax Competitiveness Index, three spots worse than in 2018.


Strengths

  • Ireland has a low corporate tax rate of 12.5 percent.
  • Net operating losses can be carried back one year and carried forward indefinitely, allowing companies to be taxed on their average profitability.
  • Ireland has no thin capitalization rules.

Weaknesses

  • Ireland's personal tax rate on dividend income of 51 percent is the highest among OECD countries.
  • The VAT rate of 23 percent is one of the highest in the OECD and applies to a relatively narrow tax base.
  • Corporations are limited in their ability to write off investments.

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