PAYE taxpayers may find themselves with an overpayment of tax or an underpayment of tax due to various circumstances. It is important to know where you stand in regards to PAYE tax payments in case your tax credits are being calculated incorrectly or there is a discrepancy with your tax payments.
By law, all legal Irish entities are supposed to pay taxes on all chargeable income and gains. Ireland’s Taxes Consolidation Act which was established in 1997 is instrumental in the country’s taxation system.
Double taxation often crops up when doing business internationally and can be such a headache to the modern business world. Swiss citizens contemplating of doing business in Ireland will be relieved to know of the 1965 standing treaty that prevents double taxation in the event where a legal entity carries out taxable activities in one of the two states.
The Irish and the Belgians have a long and remarkable history which stretches back from centuries old. To date, Belgium is Ireland’s third largest export market. One of the major reasons behind the two countries’ flourishing relationship is the Ireland-Belgium double taxation convention. The signing of this agreement has allowed Irish and Belgian residents to conduct business activities in the two countries without facing fiscal evasion or double taxation.
