List of non-cooperative jurisdictions updated

The ECOFIN Council has updated the list of non-cooperative jurisdictions, adding the BVI, Costa Rica, Marshall Islands and Russia. Annex I of the EU list, updated on 14 February 2023, now consists of 16 jurisdictions which have demonstrated a lack of commitment to improve their tax...

CFE Tax Top 5 (13 February 2023)

This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament Subcommittee on Tax Matters Publishes 2023 Schedule of Work 2023 Global Forum Capacity Building Report CFE EU Tax Policy Report Published OECD Tax & Development Days – 15 & 16 February ...

CFE Tax Top 5 (6 February 2023)

This week's edition of the CFE Tax Top 5 looks at the following: EU Summary Report on Tax Enablers (SAFE) Consultation OECD Guidance on Minimum Tax – Pillar 2 CFE Opinion Statement on EU Corporation Taxation System (BEFIT) Consultation EU Publishes Green Deal Industrial Plan Save...

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...