El Salvador
In
The United Kingdom and Ireland

Nearly all income is liable to tax. Tax on income that you earn from employment is deducted from your wages by your employer on behalf of the Irish Government. This is known as Pay As You Earn (PAYE). The amount of tax that you have to pay depends on the amount of the income that you earn and on your personal circumstances. There are a range of income tax reliefs available that can reduce the amount of tax that you have to pay.

Ireland offers a unique tax incentive with a 10% corporate tax rate for manufacturing and qualifying services until 31 December 2002. A standard corporation tax rate of 12.5% applies to all trading profits in all sectors, including manufacturing and international services. This is one of the most beneficial corporate tax environments in the world.

Irish Value Added Tax (VAT) rates remain among the highest in the European Community. VAT of 21% is assessed on the duty-paid value, though many essential goods including food, medicines and children's clothing and footwear are exempt.

Revenue Commissioners Residence Branch Government Offices

NENAGH, COUNTY TIPPERARY

Telephone: 353 1 677 42 11

Fax: 353 1 673 29 16