Research and Development Relief

31 May 2013

Ireland – An Ideal Location For Intellectual Property Trading Companies – Withholding Tax and Stamp Duty – Part 4

Apart from a highly skilled, English speaking workforce; membership of the E.U.; an excellent standard of living for employees seconded to Ireland; a large network of international routes and a successful track record of investment, research and development from United States corporations there are many advantages to setting up Intellectual Property Trading companies in Ireland.

The main focus of this article is the tax advantages which can be summarized under the following headings and viewed in Parts 1 through 4 on TaxConnections Worldwide Tax Blogs:

1. Corporation Tax – Part 1
2. Capital Allowances – Part 2
3. Research & Development Relief – Part 3
4. Withholding Tax – Part 4
5. Stamp Duty and Summary – Part 4

4. WITHHOLDING TAX

In general, Irish resident companies must deduct 20% withholding tax on dividends and other profit distributions.

There are, however, a number of situations where shareholders can receive dividends free from withholding tax from an Irish resident company providing certain documentation is filed. For example: Read More

Written by Claire McNamara | Posted in TaxConnections

30 May 2013

Ireland – An Ideal Location For Intellectual Property Trading Companies – Research & Development Relief – Part 3

The main focus of this article is the tax advantages which can be summarized under the following headings and viewed in Parts 1 through 4 on TaxConnections Worldwide Tax Blogs:

1. Corporation Tax – Part 1
2. Capital Allowances – Part 2
3. Research & Development Relief – Part 3
4. Withholding Tax – Part 4
5. Stamp Duty and Summary – Part 4

3. RESEARCH & DEVELOPMENT RELIEF

Background

The 2012 Finance Act introduced a new tax relief which allowed a company to surrender a portion of its R&D tax credit to key employees engaged in research and development activities.

This relief reduced the employee’s Income Tax (but not Universal Social Charge) on relevant emoluments providing the employee’s effective income tax rate didn’t fall below 23% in any tax year.

To be eligible for this relief: Read More

Written by Claire McNamara | Posted in TaxConnections

29 May 2013

Ireland – An Ideal Location For Intellectual Property Trading Companies – Capital Allowances- Part 2

The main focus of this article is the tax advantages which can be summarized under the following headings and viewed in Parts 1 through 4 on TaxConnections Worldwide Tax Blogs:

1. Corporation Tax – Part 1
2. Capital Allowances – Part 2
3. Research & Development Relief – Part 3
4. Withholding Tax – Part 4
5. Stamp Duty and Summary – Part 4

2. CAPITAL ALLOWANCES

Capital Allowances are available for capital expenditure on the creation, acquisition and/or licence to use certain “specified intangible assets” which includes:

1. Copyrights
2. Patents and registered designs
3. Trademarks, brands, domain names and service marks Read More

Written by Claire McNamara | Posted in TaxConnections

28 May 2013

Ireland – An Ideal Location For Intellectual Property Trading Companies – Corporation Tax – Part 1

The main focus of this article is the tax advantages which can be summarized under the following headings and viewed in Parts 1 through 4 on TaxConnections Worldwide Tax Blogs:

1. Corporation Tax – Part 1
2. Capital Allowances – Part 2
3. Research & Development Relief – Part 3
4. Withholding Tax – Part 4
5. Stamp Duty and Summary – Part 4