General PartnershipIreland
What it takes to form, own and run a general partnership in Ireland, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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Every partner in a firm is liable jointly with the other partners, and in Scotland severally also, for all debts and obligations of the firm incurred while he is a partner
The registry’s and the law’s own pages do not mention it.
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The partnerships are treated as “tax transparent” for Irish direct tax purposes and therefore the partnership is not subject to Irish profit tax
Form it
Who registers it
Not in our records Registry, Formed without visiting, Formed online: none of these is in our records for the General Partnership.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the General Partnership.
Own it
Who may own and run it
Not in our records Directors, Shareholders, Members, A local company secretary, A local registered agent: none of these is in our records for the General Partnership.
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the General Partnership.
Important dates
When each obligation falls due, as the authority states it.
- Partnership return
- 31 October
With Revenue Commissioners
The 2023 form states the return for 2023 was due on or before 31 October 2024, i.e. 31 October after the tax year. Rule taken from the 2023 form; the current-year form was not read.
What is public
Not in our records What the register shows the public is not in our records for the General Partnership.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
The partnership is 'tax transparent'; the partners, not the partnership, are taxed on their share of the income and gains. The precedent partner files the partnership return (Form 1 (Firms)); each partner files a personal Form 11.
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The partnerships are treated as “tax transparent” for Irish direct tax purposes and therefore the partnership is not subject to Irish profit tax
- CFC rules in Ireland
- Yes
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the General Partnership.
Every business in Ireland
VAT
- Standard rate
- 23%Official European Commission, Taxes in Europe Database situation on 2026-07-01
- Other rates
- 13.5% Hotel lettings, admissions to cinemas, theatres, museums and exhibitions, amusement services, certain printed matter, certain fuels, building, repair, cleaning and maintenance services
- 9% Periodicals, e-periodicals, sport facilities, electricity and gas
- 4.8% Livestock in general, including horses intended for food or agricultural production
- 0% Exports, intra-Community supplies to VAT-registered EU businesses, certain food and drink, books and e-books, children's clothing and footwear, and solar panels on private dwellings and recognised schools
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Effective from Standard rate (%) Reduced rate (%) Second reduced rate (%) Livestock rate (%) Flat-rate addition (%) 1 January 2025 23 13.5 9 4.8 5.1
- Registration threshold
- EUR 42,500
services only; €85,000 for goods, and for goods-and-services where 90% or more of turnover is from goods; 12 months
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Value-Added Tax (VAT) registration is obligatory when your annual turnover exceeds the VAT thresholds. If your turnover is less than a threshold limit, you may elect to register for VAT.
- Voluntary registration
- Yes
A business below the threshold, and farmers and fishers, may elect to register for VAT; an election can only take effect from a current date, not retrospectively.
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Value-Added Tax (VAT) registration is obligatory when your annual turnover exceeds the VAT thresholds. If your turnover is less than a threshold limit, you may elect to register for VAT.
- A foreign company
- Registers from its first taxable supply
A person not established in the State must register and account for Irish VAT on taxable supplies to taxable customers irrespective of turnover, unless the EU VAT SME Scheme applies. Revenue's guidance names no tax representative requirement.
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A person, while not established in the State, needs to register and account for VAT if that person supplies
- Returns filed
- Depends on the business
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The taxable period is a two-month period (bi-monthly) commencing on the first day of January, March, May, July, September and November.
- Tax authority
- Registration page read 2026-10-22
Portals and registers
- Business registerCompanies Registration Office (CRO)
- Tax authorityOffice of the Revenue Commissioners (Revenue)
- Tax treatiesRevenue – Double Taxation Treaties listing
Payment and banking services
6 services name Ireland on their own list: Paysera, Airwallex, Stripe, Revolut, N26, bunq. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- General partnershipDerived our grouping, the same words in every country
- Name in law
- General Partnership
- ISO 20275 code
- DWS3Secondary GLEIF, Entity Legal Forms code list