Registration for Taxes in Ireland

When to Register for Corporation Tax in Ireland

1. Formation of a New Company:
   • Within 30 Days: A newly incorporated company in Ireland must register for Corporation Tax within 30 days of beginning to trade or when it becomes active (i.e., starts generating income or incurs expenses related to the business).
2. Commencing Trade or Business Activities:
   • If an existing company that was previously inactive (dormant) begins to trade or undertake business activities, it must register for Corporation Tax within 30 days of commencing those activities.
3. Company Receiving Income:
   • If a company receives any income, such as investment income, rental income, or any other income, it must register for Corporation Tax even if it has not yet started trading.
4. Company Acquiring Taxable Assets:
   • If a company acquires assets that could generate taxable income (e.g., properties, investments), it needs to register for Corporation Tax to account for any potential tax liabilities associated with those assets.

The following are the relevant taxes for most companies:

Corporation Tax (CT)

Employer Pay As You Earn (PAYE)

Value-Added Tax (VAT)

Relevant Contracts Tax (RCT)

Once your company has been registered for the tax, you will be given a Tax Reference Number and we will use it when filing your tax returns CT/PAYE etc.

For more information on taxes or if you require bookkeeping and management accounts for your company please email us on info@setupyourcompany.ie and we will quote you full price of yearly accounts based on your needs.