types of taxes

A simple guide to payroll in Ireland

Every business has employees who receive payment of the services they have rendered during a cyclic period ranging from an hour to a calendar year.  Therefore, it's essential for an entity to keep a database of the employees’ salaries. This system is known as a payroll. 
 
A payroll can either be executed as part of the entity's Labour expenses or outsourced as an indirect overhead to the firm. Regardless of whether the payroll is run in the entity or by payroll specialists outside the firm, it is very important to have basic knowledge of how to operate a payroll.
 

Shares Transfer in Irish Firms

Although appearing simplistic, the issue or transfer of shares can be a daunting and complex task to complete successfully. It is imperative that concerned parties get expert assistance from qualified, registered and seasoned agents, eg. solicitors and tax advisors.
 

Double Taxation Treaty between Ireland and Turkey

Although the diplomatic relations between Ireland and Turkey do not stretch back from century old, they have significantly strengthened over the past years. Both the two countries are active members of many European organizations such as the Organization for Security and Co-operation in Europe (OSCE), Organisation for Economic Co-operation and Development (OECD), the Council of Europe, World Trade Organization (WTO) and the Union for the Mediterranean..

Types of taxes in Ireland

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 treaty between Ireland and Malta

The Irish and the Maltese have a lot in common. They are both Islands set on the periphery of Europe, military neutral and their economic growth is at par. Furthermore, they are expected to be one of most thriving economies in the European Union in the near future. To strengthen their bilateral ties, the two nations signed a Double taxation treaty.