Ireland – 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
See MoreIrish PM considers tax cuts
It has been reported on 27 December 2013 that for middle income families the Irish Government will prioritize income tax cuts when there is due scope for change, according to the Prime Minister. There will be no income tax increases in the next
See MoreIreland: Revenue published details of tax settlements
Ireland's Revenue organization has published data on 88 cases of the settlements arrived at with defaulting taxpayers throughout the last year. The first lists each person upon whom a fine or punishment was forced by a court. The second part covers
See MoreIreland: Tax hike hits Irish savings
According to one well known financial institution (the Nationwide Building Society), the Irish Finance Minister has decided to raise the Deposit Interest Retention Tax (DIRT) and it represents a very bad news for Irish savers. The extent of
See MoreIreland: Opportunities to claim R&D tax credits
It is clear that in Ireland the research and development tax credit is not limited to research in the laboratory. A company may consider the day to day activity like developing a new product, devising or making improvements to a production process,
See MoreBank of Ireland estimates cost of new levy
The presentation of an annual banking levy will cost it EUR40m (USD53.9m) a year for the following three years. This is estimation made by the Bank of Ireland Group. Provisions for the introduction of a levy on the banking sector are made in the
See MoreIreland: Small businesses’ reporting burden
The Irish tax authority on 10 November 2013 announced that- the scope of the simplified reporting regime for small businesses in respect of value added tax (VAT) will be expanded, Pay As You Earn (PAYE)/ Pay Related Social Insurance (PRSI) and
See MoreDTA between Thailand and Ireland
The governments of Thailand and Ireland signed a double taxation agreement on 4 November 2013. In Thailand the agreement will apply to income tax and petroleum income tax and in Ireland the agreement will apply to income tax, corporation tax and
See MoreIreland -Switzerland: Protocol tax treaty signed
The Protocol to the double tax agreement (DTA) initialed between Switzerland and Ireland will be effective in Ireland from January 1, 2014, which entered into force on November 14,
See MoreFinance (No. 2) Bill 2013 published in Ireland
The government published the Finance (No. 2) Bill 2013 on 24 October 2013. Some of the main measures included in the Bill which were not originally announced in the Budget proposals of 15 October 2013. Primarily the Bill designs to implement the tax
See MoreIreland introduces construction VAT relief
The Irish Ministry of Finance has published the Finance (No. 2) Bill 2013 giving force to measures announced in the 2014 Budget, and bringing forward the introduction of the value-added tax incentive for home renovations. VAT relief is being granted
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