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ARTICLE · 23 APRIL 2024

Corporate Tax 2024

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Chambers Global Practice Guide - Corporate Tax 2024 Ireland...

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Andrew Quinn
Andrew Quinn
David Burke
David Burke
Orla Clissmann
Orla Clissmann
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1. Types of Business Entities, Their Residence and Basic Tax Treatment

1.1 Corporate Structures and Tax Treatment

The Companies Acts 2014 provides for the following forms of incorporated entity:

  • private company limited by shares (LTD);
  • designated activity company (DAC);
  • public limited company (PLC);
  • company limited by guarantee (CLG);
  • unlimited company; and
  • investment company.

Most often, businesses gravitate towards the LTD model due to its familiarity and simplicity. However, DACs and Irish Collective Asset Management Vehicles (ICAVs) are utilised by companies involved in the issuance of listed debt securities and investment funds respectively.

Entities with separate legal form are taxed separately.

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