Ireland
| Category | Rank | Score |
|---|---|---|
| Overall Rank | 19 | 64.67 |
| Corporate Taxes | 5 | 79.54 |
| Individual Taxes | 30 | 47.1 |
| Consumption Taxes | 25 | 62.57 |
| Property Taxes | 18 | 61.58 |
| Crossborder Taxes | 19 | 76.74 |
Ireland ranks 19th overall on the 2021 International Tax Competitiveness Index, one spot better than in 2020.
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 formal 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.
Learn more about the tax system in Ireland