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The Office of the CfR has announced that due to the continued exceptional circumstances brought about by the COVID-19 pandemic that have created a challenging environment, an extension for the submission of the report containing Financial Account information relating to Reporting Year 2020 has been...
Legal Notices 219 to 226 of 2020, published on 2 June 2020, introduced amendments to the VAT Act implementing Council Directives 2017/2455, 2009/132/EC and 2019/1995/EC amending Directive 2006/112/EC concerning the VAT e-commerce package (See MIT News 3 June 2020). Legal Notices 187 to 194 of 2021 published earlier...
A public consultation has been launched on the Commission’s proposal for an amendment to the VAT Directive introducing a VAT exemption on goods and services made available by EU bodies and agencies to Member States and citizens during times of crisis. The consultation closes on...
This week’s edition of the CFE Tax Top 5 looks at the following: Pascal Saint – Amans: Digital Tax Agreement by October Fabrizia Lapecorella New Chair of OECD’s Fiscal Committee European Parliament: Lack of Progress in Reforming Code of Conduct Group OECD Updated Report on...
Ireland Raises Issues with US Proposed Minimum Taxation As a result of US proposals to introduce a minimum corporate tax rate of 21%, countries like Ireland are presumed to lose significant revenue. Under the Stability Programme Update for 2021 of the Irish Department of Finance published on 14 April,...
The Commission has decided to extend to temporary waiver of customs duty and VAT on the importation of medical and protective equipment used in the fight against COVID-19 until 31 December 2021. The relief was originally introduced in April 2020 and was extended to apply...
The office of the CfR has announced that the facility to upload and submit the income tax return and the supplemental document for Year of Assessment 2020 required to be filed by a principal taxpayer in respect of a fiscal unit is now available. ...
Version 4 of the Implementing Guidelines on the Automatic Exchange of Financial Account Information is available for download from the CfR website. A guideline in relation to a change of reporting deadline for reporting year 2020 has also been published.
The Budget Measures Implementation Act has introduced an enabling provision in the Income Tax Act which empowers the Minister of Finance to enact rules in relation to transfer pricing. The new article 51 of the Income Tax Act states that such rules may provide for...