CFE Tax Top 5 (23 January 2023)

This week's edition of the CFE Tax Top 5 looks at the following: ECOFIN: Swedish Presidency Priorities EU Consultation on Administrative Cooperation in VAT EU Parliament’s FISC: Public Hearing on BEFIT Updated OECD Pillar 1 & 2 Analysis EU Semester Reports 2023 Click here to view...

Rules for setting off tax arrears revised

The Exemption from Tax on Property Transfers (Set-off of Tax Arrears) Rules, which were introduced in 2021 (See MIT News 10 November 2021) have been revised by LN 9 of 2023 amending Rule 4 introducing a notification cut-off date of 31st March 2023....

Changes to the Cooperation with Other Jurisdictions on Tax Matters Regulations

The Cooperation with Other Jurisdictions on Tax Matters Regulations (SL 123.127) have been revised by LN 8 of 2023. The numerous amendments introduced by this measure include the introduction of a definition of  "joint audit" and a new provision regulating joint audits; clarification of the notion...

CFE Tax Top 5 (16 January 2023)

This week's edition of the CFE Tax Top 5 looks at the following: Rentrée 2023: Anticipated EU Tax Developments in 2023 OECD Appoints New Director of Centre for Tax Policy & Administration EU Adopts Minimum Tax Directive ECJ: Airbnb Ireland & Airbnb Payments UK – Case C-83/21 ...

Amendment to the Deduction (Income from Employment) rules

The Deduction (Income from Employment) Rules have been revised by LN 4 of 2023. The income threshold of €10,200 in Rule 2 has been extended to €10,535, and a new sub-paragraph has been added to Rule 3 which reads as follows: "Any individual to whom rule 2...

Tax on part time income

The Office of the CfR has notified that the deadline to pay the tax on part-time employment/self-employment is end of April of the following year for which payment is being made.  As of 01/01/2022 the tax rate for both part time employed and part time...

Extension of property duty exemptions

LN 366 of 2022 has revised the Exemption of Duty in terms of article 23 Order, the the Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order and the Duty on the Acquisition of the Second Immovable Property to be used...

Election to submit a separate tax return under article 49A ITA

As of year of assessment 2021 a married couple, where both spouses are living together, have the option to submit a separate tax return where certain conditions are met. The Office of the CfR has issued guidance on the procedure for spouses to apply for...

2023 NI and maternity benefit rates

The revised social security and maternity benefit rates for 2023 have been published by the office of the CfR. View the revised rates here....