Subsidised digital firms ‘being paid’ to set up here

Subsidised digital firms ‘being paid’ to set up here

The knowledge development box, various R&D reliefs, and the low corporate tax rate means that firms are effectively paid to set up here

Digital businesses setting up in Ireland can pay an effective “subsidised” tax rate of less than minus 10 per cent when incentives are combined, according to consultancy firm PwC.

The combination of the state’s knowledge development box, which permits a reduced rate of tax on revenues arising from research and development activity, various R&D reliefs, and the low corporate tax rate, means that firms are effectively paid to set up here.

Ireland, Italy...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post