Professional Services Withholding Tax, Corporation Tax and DIRT

Professional Services Withholding Tax

  • Standard rate: 20%

Corporation Tax

  • Non-trading rate: 25%

  • Trading rate: 12.5% (subject to certain exceptions where rate of 25% applies)

  • Profits on trading in residential development land (other than ‘qualifying land’): 25%

  • Chargeable Gains: 33%

  • Certain foreign dividends: 12.5%

Deposit Interest Retention Tax (DIRT)

  • From 1 January 2020: 33% for deposit accounts (including Credit Union savings
    accounts) and 41% on exit in relation to certain life assurance policies and
    investments funds