Welcome news if you’re a start-up business in Ireland is that a tax holiday is now granted for the first 3 years of trading.
This tax exemption is only available for start-ups that commenced trading on or after 1 January 2009. The only restriction is that the tax liability otherwise due for each year must not exceed €40,000 – hardly troubling for most start-up companies given that the current prevailing corporation tax rate in Ireland is only 12.5%!
Let’s hope that the UK government are keeping a watching brief…
