Tax relief for start up companies

Tax relief for start up companies

New companies may get tax relief on the first 3 years of corporation tax and the value of the relief will be linked to the amount of employers’ PRSI paid by a company in an accounting period subject to a maximum of €5,000 per employee or an overall maximum of €40,000.

The relief was extended to companies that started trading in 2012, 2013, 2014 or 2015 and, in the Finance Act 2015, to companies that start trading in 2016, 2017 or 2018.

This relief is subject to qualifying conditions.

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie