Thursday, July 25, 2024
HomeTop NewsIreland will raise the minimum tax on corporate profits to 15 per...

Ireland will raise the minimum tax on corporate profits to 15 per cent

Published on

Irish Finance Minister Pascal Donohue on Thursday He said Ireland will raise the minimum tax on profits of multinational companies operating in the region from 12.5 to 15 per cent, thus joiningGlobal agreement on taxation of multinational companies In July this year, 130 countries joined (the agreement provides for a 15 percent lower tax rate, and Ireland has no plans to raise taxes beyond this limit).

The decision comes after months of discussions with the OECD, an organization for economic cooperation and development that unites the 35 most developed countries in the world. The details of how Ireland will join the agreement will be discussed at the OECD meeting in Paris on Friday, with the agreement only coming into force in 2023, but there are already some details: the new tax will apply to companies with turnover in Ireland. For more than 50 750 million, the tax on small items will remain at 12.5 per cent.

Ireland He was not The first to join the agreement to reduce the tax on profits (which includes companies that make half the profits from patents and software), thus attracting more foreign investors. Among those who did not join the agreement between the countries of the European Union were three: Ireland, Hungary and Estonia.

See also  France has not yet decided whether to double the costumes for the visiting stars

Latest articles

Ireland and the All Blacks will return to Chicago

According to information from New Zealand media PostIreland and the All Blacks are...

Flight Simulator – Spotlight on Ireland and the United Kingdom!

Months go by and major free updates of Microsoft Flight Simulator are still in...

Theft of beehives | A beekeeper from Ireland is attracting crowds

The owner of the company Rayons de Miel in Saint-Adrien-d'IRE, Maggie Lamothe-Boudreau, launched an...

Theft of beehives | A beekeeper from Ireland is attracting crowds

The owner of the company Rayons de Miel in Saint-Adrien-d'IRE, Maggie Lamothe-Boudreau, launched an...

More like this

Ireland and the All Blacks will return to Chicago

According to information from New Zealand media PostIreland and the All Blacks are...

Flight Simulator – Spotlight on Ireland and the United Kingdom!

Months go by and major free updates of Microsoft Flight Simulator are still in...

Theft of beehives | A beekeeper from Ireland is attracting crowds

The owner of the company Rayons de Miel in Saint-Adrien-d'IRE, Maggie Lamothe-Boudreau, launched an...