Ireland's Intellectual Property Tax Regime

Author:Mr Jonathan Sheehan, Petrina Smyth, Brendan O'Brien, Eimear Burbridge and Orlaith Kane

The introduction of a "knowledge development box" in Ireland from 1 January 2016 has further enhanced Ireland's intellectual property ("IP") tax regime and bolstered Ireland's reputation as an attractive location for the development, holding and exploitation of IP. Among the incentives available for IP holding companies located in Ireland are:

access to the 12.5% corporation tax rate; availability of tax depreciation for capital costs incurred on acquiring or developing IP; tax credits for research and development expenditure; a knowledge development box with an effective tax rate of 6.25% applicable to certain patent and copyright income; availability of deductions for interest expenses incurred on borrowings to fund the...

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