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Friday, January 21, 2022

Government to decide on Thursday whether to accept Corporate Tax rise to 15%

The Government is set to make a decision on Thursday whether to opt into the global Corporate Tax deal.

Ireland has had a Corporate Tax rate of 12.5% for decades, and has largely been seen as one of the main drivers for foreign direct investment into Ireland.


Entering the global tax deal would force Ireland’s tax rate to at least 15%.

Ireland was one of few countries who resisted the global tax plan.

However, after receiving the updated text, Cabinet will make a decision on Thursday whether Ireland will join the agreement.


Tánaiste Leo Varadkar said Paschal Donohoe verbally briefed him on the issue at the weekend.

“Government will now give that some consideration, we have a Cabinet meeting on Thursday afternoon and we would hope to be able to respond to it after that meeting,” he said.

Varadkar said the updated text does respond to a lot, if not all concerns the Irish Government had.

IMAGE – PA Images


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