Ireland’s corporation tax code | KPMG | IE

Recommendations for change to Ireland’s corporation tax code – no change to 12.5% rate

Ireland’s corporation tax code

Ireland releases on 12 September a report on Review of Ireland’s Corporation Tax Code which makes a number of recommendations for future changes to Ireland’s corporation tax regime.

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The Report, commissioned by Government, was prepared by independent expert, Seamus Coffey.

Ireland’s 12.5% rate of corporation tax will not change. The Report’s findings are broadly positive on the future sustainability of Ireland’s low tax, 12.5% regime.

The Report’s recommendations for changes to Ireland’s regime mainly reflect commitments that Ireland has made as part of multilateral measures to enact further protections against base erosion and profit shifting (BEPS). These commitments are aligned with those undertaken by other European Union (EU) Member States and with recommendations set out by the Organisation for Economic Cooperation and Development (OECD). Changes made as part of multilateral adoption form a core part of Ireland’s international tax policy. It seeks to both align Ireland’s tax regime with evolving international standards for corporate income tax regimes while preserving Ireland’s relative competitive position as an attractive location for business.

Other Report recommendations for change include broadening the scope of Ireland’s transfer pricing regime as well as changes to the tax regime for intangible assets.

The Government has announced that implementation of the Report’s recommendations will be subject to a public consultation to be launched on Budget Day, 10 October 2017.

To learn more about the findings and recommendations in the Report and what these might mean for your business, click on the link to read KPMG’s On a Page Summary.

Click here to access the ‘Review of Ireland’s the Corporation Tax Code’ prepared by independent expert, Seamus Coffey.

KPMG actively engages in debates on tax policy matters in Ireland. For more insights on Irish tax policy matters and to have your voice heard in the consultation on these changes, please contact as a member of your KPMG client services team. 

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