I'm currently working as an IT consultant in Italy (self-employed) but I'm thinking of moving to Ireland next year and open a ltd company there.
I was trying to understand the tax rates and as per my understanding there is a fixed corporate tax of 12.5% for 'trading income with “substance” in Ireland' (cit.) and 25% for all other cases.
Now that's the part I don't understand, what does it mean to have trading income with substance in Ireland?
I'll plan to move there, find an apartment and find local clients. I think the tax rate for those new clients will be 12.5%, right?
My doubt is about the tax rate for old clients in Italy. Of course I don't want to lose them so I'll still work for them in remote and send them an invoice from my ltd. Will those "foreign" income be taxed at 12.5% or 25%?
Thanks in advance.