On 22 April 2015, Ireland Revenue published a guide providing a general outline of the tax reliefs, deductions and exemptions that contribute towards the creation of jobs. Some of the key schemes are summarized as follows.
Tax Relief for New Start-up Companies
Tax relief for new start-up companies is available for the first three years of trading in the form of a tax credit for Pay Related Social Insurance (PRSI) paid by a company in an accounting period. The credit is subject to a maximum…