Oliver Niland & Co - Chartered Accountant and Tax Specialists

Your Tax Return Expert

  • Home
  • About Oliver
  • Services
    • Accounts
    • Tax Returns
    • Starting a New Business
    • Bookkeeping
    • Revenue Audits & Disclosures
    • Company Secretarial
  • Testimonials
  • Privacy Policy
  • Contact Us
  • Call 091 763817

What is a close company surcharge ?

January 23, 2025
Close company

What is a close company surcharge ?

A close company is an Irish resident company that is controlled by five or fewer participators. This applies to majority of small companies in Ireland

A participator is somebody who has a share or interest in the capital or income of a company and includes a person who has share capital, voting rights or loan capital in the company. In other words, ordinary shareholders.

There are two surcharge taxes on Irish close companies – at 20% and 15%.

Where a close company is in receipt of rents, dividends and this income is not given as a dividend to its shareholders within 18 months of the accounting period end in which the income arises, a close company surcharge will apply.

The surcharge equates to an additional 20% tax on the post-tax undistributed passive income. This is on top of the normal 25% corporation tax payable on said income. So in total a company will have an average tax rate of 45% on same

Where a close company is a professional service company such as for example architects, solicitors, the company is liable to a surcharge of 15% on one-half of its undistributed professional income. So in total company will have an average rate of tax of up to 20% ( ie 12.5% plus 7.5% ).

Subject to qualifying conditions

Any queries give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie

 

 

Search

Tax & Accounting Posts

  • Nursing home expenses – tax relief June 4, 2025
  • Tax relief on health insurance ? May 21, 2025
  • Tax relief on IT courses and foreign language courses ? May 13, 2025

Follow Us

Facebook
Facebook
LinkedIn
Share

Sage POS | EPoS Solutions | EPoS Software

Website by pmrwebmarketing.ie 

Copyright © 2025 Oliver Niland & Co

About Us

Oliver Niland is a Chartered Accountant and a Tax Specialist with over 15 years experience of helping small business with tax issues and accounting challenges.

In addition, Oliver advises small businesses in terms of growing their business.

Contact Us

Contact us at:

Phone:   (091) 763817

Email:    oliver@taxreturnhelp.ie

Unit 8,  Royal Rock Park,

Ballybane Industrial Estate,

Galway.

Find Us

Follow Us

Facebook
Facebook
LinkedIn
Share
[raw]

Tax Tips

  • Nov Dec 2008
  • Jan Feb 2009
  • Mar Apr 2009
  • May Jun 2009
[/raw]

CyberChimps WordPress Themes

© Oliver Niland & Co. 2017

Contact Us

Oliver Niland & Co – Chartered Accountant
Unit 8, Royal Rock Park,
Ballybane Industrial Estate,
Galway.

Telephone:  (091)  763817
Mobile:  (087) 984 6979
Email:  oliver@taxreturnhelp.ie 

(Right across from Thomas McDonagh’s hardware store and directly behind the Royal Rock Café )

FooBox
…
FooBox
…