Taxation in The Republic of Ireland

Taxation In The Republic Of Ireland

In Ireland there is an income tax, a VAT, and various other taxes. Employees pay pay-as-you-earn (PAYE) taxes based on their income, less certain allowances. The taxation of earnings is progressive, with little or no income tax paid by low earners and a high rate applied to top earners. However a large proportion of central government tax revenue is also derived from value added tax (VAT), excise duties and other taxes on consumption. The standard rate of corporation tax is among the lowest in the world at 12.5%.

The Irish tax system is primarily in place to pay for current expenditure programs, such as universal free education, taxpayer funded healthcare, social welfare payments such as old age pensions and unemployment benefit and public capital expenditure, such as the National Development Plan and to pay for the Public Service.

Read more about Taxation In The Republic Of Ireland:  Capital Gains Tax (CGT), Value Added Tax (VAT), Deposit Interest Retention Tax, Stamp Duties, Capital Acquisitions Tax (CAT), Corporation Tax, Withholding Taxes, Other Taxes, Motor Tax, Taxation Evasion and Tax Avoidance, Local Taxes

Other articles related to "taxation in the republic of ireland, ireland, taxation":

Taxation In The Republic Of Ireland - Local Taxes
... Prior to 1977, all property owners in Ireland had to pay "rates" - based on the "rateable valuation" of the property - to the local authority ... Opponents claim that this is double-taxation - that in the aftermath of the abolition of domestic rates in 1977, their taxes were increased to fund local authorities ...

Famous quotes containing the words ireland, taxation and/or republic:

    Out of Ireland have we come,
    Great hatred, little room
    Maimed us at the start.
    I carry from my mother’s womb
    A fanatic’s heart.
    William Butler Yeats (1865–1939)

    The Government is able to afford a suitable army and a suitable navy. It may maintain them without the slightest danger to the Republic or the cause of free institutions, and fear of additional taxation ought not to change a proper policy in this regard.
    William Howard Taft (1857–1930)

    Who is this Renaissance? Where did he come from? Who gave him permission to cram the Republic with his execrable daubs?
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)