On 4 February 2020, the Tax Revenue published a manual, entitled “e-Brief No. 029/20”, relating to the “main benefit test. The manual has been updated to include a reference to the EU mandatory disclosure regime (DAC6), which comes into force on 1 July 2020 and includes a “main benefit test”. The new regime includes a “lookback” reporting requirement, which will apply to reportable cross-border arrangements, the first step of which was implemented between 25 June 2018 and 30 June 2020.
«
Previous post
Transfer Pricing Brief: February 2020
Transfer Pricing Brief: February 2020
Related Posts
Ireland releases analysis on impact of potential tariffs on economy
March 24, 2025
Ireland's Department of Revenue has announced the release of an economic analysis examining the impact of tariffs on the country's economy on 21 March 2025. The analysis estimates the impact of tariffs on the Irish economy in the event of tariffs
Read More
Ireland introduces angel investor tax relief to boost start-ups
March 05, 2025
Irish Finance Minister Paschal Donohoe has announced the launch of Angel Investor Relief, a new tax incentive aimed at driving investment in Ireland’s innovative start-ups on 3 March 2025. The relief offers a reduced Capital Gains Tax (CGT) rate
Read More Ireland updates guidance on automatic exchange of information
February 24, 2025
Irish Revenue has published eBrief No. 047/25 on 19 February 2025, updating its guidance on the Automatic Exchange of Information (AEOI). Exchange of Information (EOI) is the cross-border sharing of information between tax administrations to
Read More
Ireland updates global minimum tax guidance
February 24, 2025
The Irish Revenue has released eBrief No. 045/25 on 17 February 2025, introducing updates to Tax and Duty Manual Part 04A-01-02. These revisions focus on the Global Minimum Level of Taxation applicable to Multinational Enterprise Groups and domestic
Read More
OECD warns against Ireland’s heavy reliance on tax revenue from MNEs
February 18, 2025
The OECD published Survey of Ireland 2025 on 12 February 2025, warning Ireland’s heavy reliance on tax revenue from multinational companies and a narrow tax base could be risky. The survey also points out that one-third of income earners in
Read More Ireland: Revenue publishes eBrief No. 014/25 on surcharge for undistributed income of close companies
February 11, 2025
Irish Revenue has published eBrief No. 014/25 20 January 2024, providing updated guidance on the surcharge for certain undistributed income of close companies, Tax and Duty Manual Part 13-02-05. Section 440 TCA 1997 provides for an additional
Read More