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Tax on Irish Government Bond for a corporate investor

  • 14-08-2012 9:20pm
    #1
    Chuckwalla
    Registered Users, Registered Users 2 Posts: 25 ✭


    Hi,

    If an Irish private company was to puchase Irish government debt, what would the tax treatment be?

    Also, if anybody knows what the tax treatment would be if an Irish private company was to buy corporate commercial paper, please let me know.

    Any insights would be greatly appreciated.

    Thanks very much
    Tagged:


Comments

  • #2
    nompere
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭nompere


    In principle, investment income received by an Irish company, with the exception of dividends from Irish companies, is taxable at 25% It may well then be liable to the surcharge for undistributed investment income at 20%

    Tax policy is largely designed to ensure that there are few benefits available when investment income is received by a corporate investor rather than a private individual.


  • #3
    Chuckwalla
    Registered Users, Registered Users 2 Posts: 25 ✭Chuckwalla


    Thanks for this nompere. That makes sense and I hadn't thought about the surcharge.


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