Mary Coughlan
Question:87 Miss Coughlan asked the Minister for Finance the consideration, if any, that will be given to classifying quarrying as a manufacturing industry; and if he will make a statement on the matter. [5111/96]
Vol. 462 No. 5
87 Miss Coughlan asked the Minister for Finance the consideration, if any, that will be given to classifying quarrying as a manufacturing industry; and if he will make a statement on the matter. [5111/96]
The 10 per cent corporation tax rate applies to income arising from the manufacture of goods in the State. The question of whether the processes carried out by a company constitute manufacturing activity, and so entitle the company to the 10 per cent rate, depends on the facts to be determined in each case. I am advised by the Revenue Commissioners that certain activities carried on in the quarry industry already qualify for manufacturing relief on this basis.