Ireland most efficient country for paying tax in EU, says PwC

Ireland has again been ranked as the most efficient country in the EU when it comes to paying business taxes and the fifth-most efficient in the world.

The PwC/World Bank Paying Taxes report ranks countries according to their levels of bureaucracy for paying and filing taxes as well as the amount of tax levied on businesses.

The 2016 edition found Ireland’s statutory headline rate of tax on company profits was broadly similar to the effective rate, which is not often the case.

When labour and other taxes are taken into account, the typical Irish-based company paid a total tax rate on corporate profits of 26 per cent, comprising 12.4 per cent in corporation taxes, 12.2 per cent in labour taxes – mostly PRSI – and 1.4 per cent in other taxes, including vehicle registration tax (VRT).

Leave a Reply