Ireland – Taxation of Termination Payments Challenged
European Commission has requested Ireland to change its legislation on termination payments paid to individuals when their employment contracts end, as the Commission is of the opinion that the Irish rules are a restriction on the free movement of
See MoreIreland Launches Tax Relief Review
As part of a review of tax relief the Irish Government has launched public consultations on certain tax relief. The reviews of these tax breaks are to be completed by May 2014 and the findings of the reviews will be taken into consideration by the
See MoreIreland and the UK levy the highest rates of inheritance or estate tax
A recent report published by a firm of accountants has found that Ireland and the UK levy the highest rates of inheritance or estate tax of any major world economies. The report computes that Ireland takes on average 26 percent from the estate of a
See MoreIreland: IBEC calls for Tax Cuts to Support recovery
Ireland’s business and employers’ confederation IBEC has requested a reduction in the marginal individual income tax rate to bring it below 50 percent and has suggested that the income level at which the top rate of tax begins should also be
See MoreIreland – Finance Minister clarifies Corporate Tax Developments
Ireland has confirmed that the changes to residency rules that are intended to deal with the problem of mismatches between treaty partner countries have so far not affected any company’s residence status. The reform which was in the 2014 Finance
See MoreIreland – Car Tax Breaks for Disabled Persons
Ireland has announced that from the end of this year it is to abolish the excise duty relief relating to the fuel portion of the Disabled Drivers and Disabled Passengers scheme. This is a consequence of a decision of the European Court of Justice,
See MoreIreland – Think Tank considers that income tax cut should benefit all
A think tank has looked at the possible benefits of lowering Ireland’s income tax rates. There is currently a debate in Ireland on reducing either the 41 percent higher rate of the 20 percent basic range of income tax. Reducing the higher 41
See MoreIreland: opportunities for US firms
The Irish Prime Minister has described the 12.5 percent corporate tax rate as a "cornerstone of the offering of attractiveness that Ireland has," telling the US Chamber of Commerce that his country is open for business. Although a few years ago
See MoreIrish coalition honoring tax promises
The Irish Prime Minister has suggested that Ireland has now implemented more than 90 percent of the tax measures and spending cuts needed to bring its public finances under control. Ireland’s 12.5 percent corporate tax rate has played a central
See MoreIreland – Finance Minister Talks Fiscal Policy
According to the Irish Finance Minister the core objective of the Medium Term Economic Strategy (MTES) is full employment by 2020. In connection with this strategy Ireland will continue to prioritize taxation measures that ensure the recovery
See MoreIreland – Evaluation of R&D tax credit regime
Ireland’s Department of Finance in 2013 undertook a comprehensive review of the Irish research and development (R&D) tax credit regime, to determine that the R&D tax credit provides “value for money” for taxpayers. The review had 5 key
See MoreIreland- Announcement of LPT Amnesty
Irish residential property owners who have so far failed to pay their 2012 Household Charge or 2013 and 2014 local property tax (LPT), or have undervalued their property or claimed an exemption they were not entitled to, will be given until March 31
See MoreEU – Irish Opposition Questions EU on Corporate Tax Probe
Ireland's Fianna Fáil party has expressed its concern over the slow progress being made by the European Commission in its preliminary probe of the country's corporate tax regime. Six months after the report of the preliminary probe the European
See MoreIreland: High taxes may reduce competitiveness
The Irish Government has been warned to control further increases in personal taxes by the head of the country's largest recruitment firm. A recent survey found that almost half of all Irish job seekers are now emigrating to find work. Roughly one
See MoreIreland – FATCA Registration Process
The Revenue Commissioners have confirmed that there will not be a separate Irish registration process for Irish financial institutions pursuant to FATCA, and that Irish financial institutions will only need to register for a Global Intermediary
See MoreIreland: Anti-VAT fraud measures
To prevent fraud in Irish VAT compliance, the Irish government introduced a number of measures through its Finance Bill which came into effect from 1 January 2014. VAT registered businesses will have to refund to the Irish Revenue any deducted input
See MoreProtocol to Ireland – Switzerland DTA enters into force
Ireland’s tax administration, the Office of the Revenue Commissioners, has confirmed that the Protocol signed with Switzerland became effective on January 1,
See MoreIreland: SME Body requests changes in tax system
The SFA (Small Firms Association) has stated that Ireland needs changes to the tax system in order to create more jobs. He pointed out that the country has one of the highest marginal individual tax rates in the Organization for Economic
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