Close companies represent a significant proportion of the Irish corporation tax landscape, requiring careful attention to compliance obligations and strategic tax planning. Revenue’s report “Corporation Tax – 2025 Payments and 2024 Returns” indicated that 148,784 close company corporation tax returns were filed in respect of accounting periods ending in 2024. Of this number, 7,090 companies returned the close company surcharge as part of their Form CT1 filing, yielding approximately €58m.
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