Ireland joins global 15% minimum corporate tax deal, but many firms will be exempt

Minister for Finance has confirmed that the country has signed up to the OECD move, but companies with a turnover of less than €750m will still pay 12.5%

7th October, 2021
Ireland joins global 15% minimum corporate tax deal, but many firms will be exempt
Paschal Donohoe, the Minister for Finance, confirmed that Ireland would continue to operate the 12.5 per cent rate for companies with a turnover of less than €750 million. Picture: Rollingnews.ie

Ireland has agreed to sign up to a landmark overhaul of global corporation tax rules in a move which will result in the abandonment of the country’s long-held 12.5 per cent headline rate for more than 1,500 multinationals operating here.

Paschal Donohoe, the Minister for Finance, this evening confirmed that Ireland had decided to join the global accord which will set a minimum effective corporate tax rate of 15 per cent and which has already...

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