Ireland: Irish Revenue updates tax manuals for outbound payments defensive measures
On 11 April 2024, the Irish Revenue issued eBrief No. 119/24 regarding to the updates on the tax and duty manuals related to the new outbound payments defensive measures. The outbound payments defensive measures are included in the Finance (No.2)
See More
Ireland: Irish Revenue publishes guidance on outbound payment measures
On 25 March 2024, the Irish Revenue released eBrief No. 096/24 outlining new guidance on Outbound payments defensive measures. This latest guidance has been issued as part of the Finance (No.2) Act 2023. The Finance (No.2) Act 2023 inserted Chapter
See More
Ireland proposes increase in R&D tax credit rate and refund amounts
The Irish Minister of Finance has unveiled two major enhancements to the research and development (R&D) tax credit in the Budget 2024. The details of these provisions are included in the Finance (No. 2) Act 2023. The two enhancements are:
See More
Ireland releases feedback of public consultation on bank levy
On 15 February 2024, Ireland's Department of Finance released the responses to its public consultation on the future of the bank levy. The "Further levy on certain financial institutions," more commonly known as the "Bank Levy" (the Levy), was
See More
Ireland implements 0% interest on debt in warehouse scheme
On 6 February 2024, Irish Revenue declared that it would implement a 0% interest rate on warehoused debt and that the necessary legislation to implement the reduction would be introduced at the next available opportunity. Irish Revenue also
See More
Ireland: Irish revenue publishes guidance on VAT return of trading details
On 16 January 2024, the Irish Revenue published eBrief No. 024/24 concerning a new Tax and Duty Manual that offers guidance about the annual VAT Return of Trading Details. This guide will provide assistance to filers submitting the annual VAT Return
See More
Ireland issues guidance on new reporting obligations
On December 2023, the Irish Revenue released eBrief No. 273/23—a new tax and duty manual entitled Reporting Requirement for Payment Service Providers on Cross-Border Payments - EU Central Electronic System of Payment Information (CESOP). This
See More
Ireland publishes new guidance on requesting TP documentation
On 18 December 2023, the Irish Revenue issued eBrief No. 261/23 providing a new Tax and Duty Manual Part 35a-01-05 - Requests for Transfer Pricing (TP) Documentation. This Tax and Duty Manual documents the operational policy of the Transfer
See More
Ireland passes finance act (no. 2) 2023 for 2024 budget and pillar 2 global minimum tax
On 18 December 2023, Ireland enacted the Finance Act (No. 2) 2023 (Act No. 39 of 2023), which contains provisions for the Pillar 2 global minimum tax in line with Council Directive (EU) 2022/2523 of 14 December 2022. In addition to the Pillar 2
See More
Ireland: Revenue publishes registration guidelines for platform operators under DAC7
On 6 November 2023, the Irish Revenue issued eBrief No. 235/23, which provides registration Guidelines for platform operators for the exchange of information on income generated through digital platforms (DAC7). With effect from 1 January 2024,
See More
Ireland: Government publishes Finance Bill 2023
On 19 October 2023, the Minister for Finance of Ireland, Mr. Michael McGrath presented the Finance (No. 2) Bill 2023 as part of the Irish budget. The Finance Bill implements the taxation changes announced on Budget Day as well as introducing some
See More
Ireland: Revenue updates guidance for platform operators under DAC7
On 23 October 2023, the Irish Revenue issued eBrief No. 231/23, which provides updated guidance for platform operators for the exchange of information on income generated through digital platforms (DAC7). The provisions relating to the reporting
See More
Ireland: Finance Minister presents 2024 Budget to the Parliament
On 10 October 2023, Mr. Michael McGrath, the Minister for Finance of Ireland presented the 2024 Budget to the Parliament. The main tax measures proposed in the 2024 Budget include: OECD Pillar Two The Minister announced that the upcoming
See More
Ireland reveals plan for implementing participation exemption in Irish corporate tax
On 14 September 2023, the Minister for Finance MR. Michael McGrath published a Roadmap for the Introduction of a Participation Exemption to Irish Corporation Tax, including a technical consultation to inform ongoing design work. The roadmap sets
See More
Ireland: Revenue increases mineral oil tax rates
On 24 August 2023, the Irish Revenue issued eBrief No. 187/23 on Mineral Oil Tax (MOT) rate changes. Accordingly, the Tax and Duty Manual (TDM) on Excise Duty Rates on Energy Products and Electricity has been updated to reflect increases in MOT
See More
Ireland: Revenue issued new guidance on R&D tax credit
On 21 August 2023, the Irish Revenue issued eBrief No. 185/23 on research and development (R&D) corporation tax credit. Accordingly, Revenue released a new Tax and Duty Manual (TDM) Part 29-02-03A. This manual provides information about how to
See More
Ireland implements temporary solidarity contribution for fossil fuel sector
On 2 August 2023, the Minister for the Environment, Climate and Communications, Mr. Eamon Ryan, signed an order to commence the Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Act 2023. The order is effective from 2
See More
Ireland: Government releases second feedback statement implementing global minimum tax
On 27 July 2023, the Irish Government released second feedback statement on the transposition of the OECD Pillar Two global minimum tax rules in line with EU Council Directive 2022/2523 of 14 December 2022. The consultation period will run to close
See More