OECD Transfer Pricing Guidelines 2022
The OECD has published the 2022 edition of the Transfer Pricing guidelines. These can be viewed here....
26 January 2022
FIAU guidance note on tax related suspicious reporting
The FIAU has published a guidance note in relation to tax related suspicious reporting which aims to provide subject persons with important tax related ML/FT indicators that are found on goAML that are to be used when reporting serious and complex tax crimes. Furthermore a list of commonly used...
5 January 2022
Proposed Directive laying down rules to prevent the misuse of shell entities for tax purposes
On 22 December, the European Commission proposed a Directive laying down rules to prevent the misuse of shell entities for tax purposes. This initiative is intended to ensure that entities in the European Union that have no or minimal economic activity are unable to benefit from...
22 December 2021
Proposal for a Directive on ensuring a global minimum level of taxation for multinational groups in the EU
On 22 December 2021 the European Commission proposed a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups. The proposal follows the recent historic global tax reform agreement, setting out how the principles of the agreed 15% effective tax rate...
22 December 2021
Transfer Pricing Rules Consultation
The Office of the CfR has issued the draft Transfer Pricing rules for public consultation. The draft rules can be viewed here. The consultation period ends on 28 February 2022....
22 December 2021
FSS Updates
The Office of the CfR has published the following FSS updates: Reporting of part time and overtime in FSS documents as from 01/01/2022 Social Security and Maternity Fund Contributions rates FSS documents and Electronic Lodgement Specifications Click here to view the CfR announcement....
15 December 2021
Access to SFTP server – CRS, FATCA, CbCR
The Office of the CfR has announced that access to the SFTP server by data providers for the purposes of upload of CRS, FATCA and CbCR reports will not be available. The server will be available again on the 20th December 2021 and access to the server...
8 December 2021
Corporate tax return e-filing deadline extended
The Commissioner for Revenue has announced that the electronic filing deadline for year of assessment 2021 income tax returns in respect of companies having a 31 December 2020 accounting year-end is being further extended to Wednesday 1st December 2021....
29 November 2021
Guidelines on the Income Tax and Stamp Duty Benefits on Certain Property Transfers
Further to the publication of LN 461 of 2021 (see MIT news 28 November 2021), the Office of the CfR has published guidelines on the Income Tax and Stamp Duty Benefits on Certain Property Transfers announced in the Budget for 2022. The guidelines can be downloaded...
29 November 2021