Business in Ireland

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Helena Deane Group moderator
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Summary Budget 2010
http://www.budget.gov.ie/Budgets/2010/Summary.aspx

NOTE:

Corporation Tax
Extension of the existing scheme providing a three year exemption from tax on the income and gains of new start-up companies to include companies who commence trading in 2010. This measure will cost approximately €15m over a three year period.

VAT Rate
Reduction in standard VAT rate from 21.5 per cent to 21 per cent.
The standard rate of VAT will be reduced from 21.5 to 21 per cent with effect from 1 January 2010. This decrease will apply to all goods and services which are currently subject to VAT at 21.5 per cent.
- 09 Dec 2009, 5:45 pm
Helena Deane wrote: > http://www.budget.gov.ie/Budgets/2010/Summary.aspx > > NOTE: > > Corporation Tax > Extension of the existing scheme providing a three year exemption > from tax on the income and gains of new start-up companies to include > companies who commence trading in 2010. This measure will cost > approximately €15m over a three year period. > > VAT Rate > Reduction in standard VAT rate from 21.5 per cent to 21 per cent. > The standard rate of VAT will be reduced from 21.5 to 21 per cent > with effect from 1 January 2010. This decrease will apply to all > goods and services which are currently subject to VAT at 21.5 per > cent.