The Irish Revenue Commission has released a new tax guide designed to help people moving to Ireland for the first time to navigate the country's tax system.
According to the Revenue, the guide aims to answer many of the questions which arise when an individual is considering such a move and also provides information on the tax system.
The guide has five chapters and covers subjects including personal income tax for the employed and self-employed, buying and renting property in Ireland, tax residence, remuneration packages, and an overview of the taxes payable in Ireland.
The guide also contains information on tax credits and lists addresses of Revenue offices.
In Ireland the taxation of individuals is based on a mixture of the concepts of residence and domicile.
As in many countries, residence is consequent on presence in Ireland for more than half of a tax year, or for 280 days in two consecutive years.
An individual resident and domiciled in Ireland pays tax on his world-wide income.
The standard rate of Irish income tax for individuals is 22% on the first EUR29,400 of taxable income, rising to 44% on the balance.
A comprehensive report in our Intelligence Report series giving background tax and residence information on many of the key offshore jurisdictions is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report4.asp
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