Tax Exemption for New Start-Up Companies

Relief from corporation tax is available for the first 3 years of operation for new companies:

-that are incorporated on or after 14 October 2008,
-which commence a qualifying trade in 2009, and
-whose corporation tax liabilities do not exceed specified levels.

Full relief is available to a new company in any of its first 3 years of operation where its total corporation tax liability for a 12-month accounting period does not exceed E40,000.