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...

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.

The European Commission has launched a survey to obtain views and experiences on e-commerce transactions from third countries, in connection with its work on revisiting the customs and taxation collection systems for e-commerce (fiscal aspects) and on identifying innovative customs control approaches for e-commerce imports (non-fiscal aspects)....

The OECD has published model rules – the Pillar Two Model Rules – for the implementation of a minimum corporate tax rate of 15% which will apply to Multinational Enterprises (MNEs) with revenue above EUR 750 million. Click here to view the OECD press release and model...

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.

Further to the announcement in the October Budget Speech, the Ministry for Finance and Employment has launched the grant scheme in connection with the restoration and finishes of privately owned residential properties within Urban Conservation Areas, properties that have been built for more than 20...

On 7 December, EU finance ministers reached an agreement on the changes to the current rules governing VAT rates for goods and services. Further to the Commission’s 2018 proposal to reform the VAT Rates rules, aimed at giving Member States more flexibility in rates-setting, the agreed package...

This week’s edition of the CFE Tax Top 5 looks at the following: Commission Gentiloni Outlines European Commission Tax Plans for 2022 Public Country-by-Country Reporting Directive Published in the Official Journal of the EU EU VAT Committee Publishes Updated Guidelines Commission Takes Action Against Members...

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...