By Andrew Lambe, 6th March 2012.
Ireland has been judged as the easiest country in Europe in which to pay business taxes for 5th year running according to a report published annually by PwC, the World Bank and the IFC.
The ‘paying taxes 2012’ report looks beyond the paying of corporation tax to include property taxes, VAT, vehicle taxes, social security taxes, capital gains taxes, etc. to give an accurate picture for firms to consider when deciding upon expansion or what new markets are worth pursuing.
The report also highlights the competitive nature of Ireland corporate tax rate of 12.5%, which was much lower than the EU average of 21.8%.
This report highlights one of the complex factors than firms need to consider when deciding where to locate their corporate domicile. It also highlights why Ireland is top of the class in Europe for attracting inward investment and why discerning entrepreneurs are selecting Ireland to expand their businesses.
For more information on how you can incorporate a company in Ireland, and avail of a corporate tax rate of only 12.5%, please contact the formation experts at Company Bureau on +353 1 6461625 or e-mail firstname.lastname@example.org