The lower of €17.086 or 1% of the gross income of the business.
Payments to employees for which social insurances have not been paid are not allowable for tax purposes.
Is always scrutinized by the Income Tax Office.
Expense invoices incurred for business purposes reduce your Corporation Tax payable.
Don’t forget that at the year-end profitable companies have to pay corporation tax & deemed dividend tax.
VAT paid on bad debts can be recovered
Don’t forget that you can net off VAT obligations and Corporation Tax refundable against each other and vice versa.
Are personally liable to the VAT authorities for any VAT discrepancies of the company.