Revenue Incentives

The Office of the Revenue Commissioners provides a range of supports, reliefs and and incentives to assist start-up business and small and medium enterprises. Initiatives include tax incentives - tax reliefs, deductions and exemptions as well as supports and other initiatives.

Tax reliefs, deductions and exemptions that aims to contribute towards the job creation include;

The Start Your Own Business Relief

The Employment and Investment Incentive

The Research and Development Tax Credit

Revenue also have a range of other supports for small and medium businesses;

Exemption from the requirement to register for VAT (provided turnover does not exceed certain thresholds)

Use of the cash basis of accounting for VAT

Deferral of the Corporation Tax preliminary due date