Chinese investors who want to establish their business presence on the Irish market should know that the country offers a favorable business environment, in which many economic sectors reported significant financial increases. Ireland is, at the moment, the fastest developing economy in the European Union (EU), as many foreign investors choose to incorporate a company here. Ireland provides one of the lowest corporate taxes in the EU (12,5%) and foreign investors from China can benefit of many corporate incentives under the provisions of the double taxation treaty (DTA) signed by the two states; our team of Irish company formation specialists can provide an in-depth presentation on the main benefits of the agreement.

Taxes under the Ireland – China DTA

Chinese businessmen interested in setting up a company in Ireland can avoid the double taxation of their profits, under the Ireland – China DTA. The provisions of the treaty are available for residents of the both contracting states and it will apply on several income taxes, as prescribed by the local legislation of each jurisdiction.

The Chinese party will apply the following income taxes:

• the individual income tax;

• the income tax available for foreign enterprises (and foreign investments);

• the local income tax.

The Irish income taxes refer to:

• the income tax;

• the corporation tax;

• the capital gains tax.

A resident (individual or company) of one of the contracting states represents the entity which is liable to income taxes in the territory of the country where the residency is issued; our team of Irish company incorporation representatives can provide more details on the broad meaning of tax residency.

Provisions of the DTA signed between Ireland and China

As a general rule, a Chinese company operating in Ireland will be taxed in China for its worldwide income. However, if the company operates in Ireland through a permanent establishment, then the profits incurred through the establishment will be taxed in Ireland.

The permanent establishment refers to a place of business, such as an office, a branch, a factory or a building site (in which the constructions are carried out for a period longer than six months) through which the foreign company obtains profits in Ireland.

Foreign businessmen who are interested in a complete presentation on the Ireland – China double tax agreement can contact our team of Irish company formation consultants.

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