With its thriving economy, world-class education, rich cultural heritage, and stunning landscapes, Ireland has become a top destination for expats from all over the globe.
In this guide, we’ll walk you through everything you need to know about relocating to Ireland from a personal tax perspective, including tax residency, income tax, special tax regimes and tax return obligations.
TaxPilot recommend that you organize your affairs in good time to get ahead and make the most of favorable tax treatment while making sure you’re meeting your tax return obligations.
Ireland follows a residence taxation model. If you are resident, you will pay tax worldwide incomes. If you are non-resident, you will pay tax on local incomes only.
if you spend more than 182 days in Ireland during the tax year.
if you spend more than 279 days in the current and previous tax year in Ireland including 30 days in both tax years.
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Providing that you are considered non-domiciled, you can exclude foreign incomes and gains from Irish taxation providing that the incomes and gains are not remitted to Ireland. Ireland can be a very tax efficient place to live for expats and nomads and as such, Global Tax Consulting recommends seeking personalized tax planning advice to take advantage of the special tax regime.
Exempt from Irish taxation.
Must be non-domiciled.
Tax on property and share sales
Tax on value of owned assets
Tax on assets passed to heirs
Tax to contribute to state welfare
If you receive incomes overseas while you are living in Ireland, you may find the source country, as a starting point, continues to tax the income which may cause double taxation unless you are using special tax regime.
Double taxation agreements can be used to mitigate double taxation and receive tax free income. As such, the more double taxation agreements a country has, the better, as agreements will ensure you’re not taxed twice and even better, ensure your income is tax free.
At present, Ireland has 76 double taxation agreements signed.
