Ireland

Ireland's Rankings
CategoryRankScore
Overall Rank1964.67
Corporate Taxes579.54
Individual Taxes3047.1
Consumption Taxes2562.57
Property Taxes1861.58
Crossborder Taxes1976.74

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

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