In an article published in a UK newspaper on Saturday it appears that fears of a hike in Irelands 12.5% corporation tax rate as a precondition of funding from IMF/EU have been allayed. The full article can be found at the following link….http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8148747/Raising-Irish-corporation-tax-not-a-precondition-for-aid.html
Ireland’s low corporation tax rate has been seen by many as pivotal [...]
Ireland’s low Corporation Tax rate here to stay!
November 20th, 2010
Cross Border Tax Relief Helps Irish Workers Travelling to the UK
November 8th, 2010We advise many clients who operate across national boundaries, particularly those Irish tax resident individuals who travel to the UK on a regular basis but remain Irish tax resident. A particular tax problem that often arises is potential double taxation on the individuals UK earnings. There are various rules available and a number of ways we can [...]
O’Mahony Donnelly, GDS & De Keijzer Nipius & Co are Enterprise Worldwide BIG WINNERS for October 2010!
October 21st, 2010Enterprise Worldwide -EW, highlights O’Mahony Donnelly Accountants high level of client service and marketing acumen. ‘The Short Form’ published by EW in the October 2010 edition, outlines how we have shared a ‘delighted’ multi-natonal client with associate firms in Germany and The Netherlands. The full text is reproduced below.
Michael O’Mahony of O’Mahony Donnelly, the EW member in Cork, Ireland, [...]
Key Issues to consider with Audit Exemption in Ireland
September 28th, 2010In Ireland the most common type of limited company is a private limited company. This means that shareholders have liability up to the amount they have subscribed for the issued share capital. The Directors of a Private limited company have to decide if their company meets the conditions for claiming audit exemption during a particular [...]
ODCE Report Highlights Key Approach in Corporate Governance
September 21st, 2010The ODCE is responsible for ensuring compliance with company law in Ireland. It issued its 2009 annual report on 27 May 2010.
One of the significant issues addressed in the report was entitled ‘confronting unlawful company behaviour’. This is an express statement of intent by the ODCE on the strict importance placed on compliance for Directors [...]
O’Mahony Donnelly Accountants Ireland to Attend International Services Forum in London
September 13th, 2010International Accountancy Services
I have just made travel arrangements today for the upcoming Enterprise Worldwide ‘International Services Forum’being held in London, UK on 30th September to 01 October. This is an annual meeting for all members who provide International accounting & taxation services to their clients. The theme of this years meeting is ‘Building Bridges’ [...]
‘Irish Corporation Tax – Still an incentive for International Companies’
September 7th, 2010Following my recent article on Corporation Tax in Ireland including the three year corporate tax exemption & recent changes in transfer pricing rules there has been news this week of the continung trend for multinational/International companies locating their activities in Ireland.
This is buoyed by goverment pressure from USA & UK offshore jursidictions such [...]
Business Permission Available for non EEA Nationals
July 19th, 2010I had an excellent meeting today in Dublin with a new client who Iam helping with his ‘business permission’application. The client is a non EEA national I.e. from outside the EU plus Norway,Iceland & Liechtenstein.
Our role involved the preparation of business plans for the proposed retail business in central Dublin, along with qualifying the businesses [...]
Company Secretarial Update
May 31st, 2010I was at a recent meeting on the subject of company law and the responsibilities of the company secetary within the limited company. This meeting of accountants in cork plus other professionals re-affirmed some key issues as follows:
1. The legal obligation on companies to maintain the 7 statutory registers (minute book). The O.D.C.E. (office of [...]
Dividend Witholding Tax Exemption for Non-Resident Corporate Shareholders
May 24th, 2010I was discussing with a new client today the new process for non-resident corporate shareholders to receive dividends from their Irish subsidiary. The latest Finance Bill has simplified the process of paying dividends free of Irish witholding tax, currently at 20% of the gross dividend.
Providing the non-resident company is located either in the EU (except for Ireland) or [...]
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