What is the corporation tax rate applied to trading profits in 2020?

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Multiple Choice

What is the corporation tax rate applied to trading profits in 2020?

Explanation:
Trading profits in Ireland are taxed at a lower standard rate to encourage active business activity. In 2020, the corporation tax rate for trading income was 12.5%. This rate applies to profits from core business operations, while non-trading (passive) income is taxed at a higher rate of 25%. The other rates listed do not apply to trading profits in Ireland for that year.

Trading profits in Ireland are taxed at a lower standard rate to encourage active business activity. In 2020, the corporation tax rate for trading income was 12.5%. This rate applies to profits from core business operations, while non-trading (passive) income is taxed at a higher rate of 25%. The other rates listed do not apply to trading profits in Ireland for that year.

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