CORPORATE INCOME TAX RATES IN 2021
Companies pay income tax on their profits, with various additions or deductions. The corporation tax rate depends on the taxable amount. The taxable amount is the gross income minus business related expenses. The first €245,000 will be taxed with a 15% tax rate. The surplus amount above €245,000 will be taxed with a 25% tax rate. However, a proposal has been made to extend the threshold to €395,000 in 2022.