The guidelines on the tax deferral scheme announced last month have been revised. The updated guidelines now clarify that: Persons who have opted to pay VAT under the Mini-One Stop Shop (MOSS) are not eligible for the tax deferral scheme; Beneficiaries of the Scheme who...

Government Notice 389 published on 13 April 2020 sets out the implementing measures of the Wage Supplement Scheme announced last month. The Notice specifies the details of the scheme and its application. With regard to National Insurance Contributions and Taxes, Paragraph 4 of the Notice...

This week’s edition of the CFE Tax Top 5 looks at the following: German Upcoming EU Presidency Tax Priorities: Return of the FTT; Eurogroup Agree on 500 Billion Euro COVID-19 Recovery Package; OECD Publishes BEPS Action 14 Dispute Resolution Reports; Forum on Tax Administration Provides...

The General Provisions applying to the Suspension of Legal and Judicial Times Regulations (LN 141 of 2020) were published on 9 April 2020. Following the publication of the Closure of the Courts of Justice Order, these regulations suspend the running of any time periods specified under any substantive...

The Eco-Contribution Act has been revised by Act XIV of 2020 published on 3 April 2020. Act XIV introduces the following: an enabling provision allowing for the enactment of regulations for the remission of administrative penalties; an amendment to the enforcement powers of the Commission...

This week’s edition of the CFE Tax op 5 looks at the following: OECD Issues Guidance on Cross-Border Tax Issues Raised by COVID-19; Luxembourg to Limit Deductibility of Interest & Royalties for EU Blacklisted Jurisdictions; Platform for Collaboration on Tax Create Website to Assist Developing...

The European Commission has announced its decision to approve requests from Member States and the UK to temporarily waive customs duties and VAT on the import of medical devices, and protective equipment, from third countries in order to help in the fight against coronavirus. The waiver applies...

The Suspension of Legal Times (Revenue Acts) Order, 2020 (LN 135 of 2020) was published on 3rd April 2020. The following is a summary of the legislation. The legislation provides for the suspension of time-limits and deadlines arising under the relevant tax legislation in connection with...

The Office of the CfR has published guidance on the implications of the wage supplement on Payroll and SSC reporting. Payroll In summary, the guidance clarifies that: The wage supplement (€800 or less according to eligibility) will replace the normal wages of the employee and is...