Code of Practice for Revenue Audits/Queries
Revenue have recently published the updated Code of Practice for Revenue Compliance Interventions and an updated compliance intervention framework. These changes took effect from 01 May 2022.
Tax newsletter June 2022
This series of articles will provide you with an update on tax developments that impact organisations in Ireland and those that do business with Ireland.
This edition brings you articles on tax relief available to transfer a site to your child, and following on from the popular article in our last newsletter, we have an article on crypto assets. We have updates on Irish transfer pricing rules, a breakdown of Revenue’s updated Code of Practice for Revenue Audits/Queries, and an update on the OECD Inclusive Framework on BEPS. Our VAT experts also have a roundup of all the latest information and developments on VAT in Ireland.
We trust you will find something of interest from the various matters covered and if you have a query, please get in touch with the Mazars tax team.
We trust you will find something of interest in the various matters covered and if you have a query please get in touch.
Update on the OECD inclusive Framework on BEPS
The OECD’s two-pillar solution to address the tax challenges arising from the digitalisation of the economy is continuously evolving.
Tax relief available for transfer of site to child
With the property ladder becoming more and more difficult to get on, parents with land may wish to consider transferring a site to their children so the child can build a home.
Domestic exemption from transfer pricing rules
Due to the level of uncertainty surrounding its application, Finance Bill 2021 included draft legislation under s835E TCA1997, intended to provide clarity on the exemption for non-trading domestic (Irish to Irish) transactions.
Where are Crypto-assets located?
In our February newsletter, we focused on the main taxing provisions around crypto-asset transactions, including cryptocurrencies. Revenue have since issued e-brief number 095/22 which advises that they have made updates to their internal manual.
A roundup of the latest VAT news in Ireland
Below are some of the main updates and the latest VAT news in Ireland for Q1 2022.
20 November 2024
Climate finance at COP29
COP, short for Conference of the Parties, refers to a series of official gatherings where governments evaluate global progress in implementing the Paris Agreement and the Convention, with the aim of limiting global warming to 1.5°C based on the most recent scientific findings. During COP meetings, leaders from around the world come together to assess advancements and negotiate effective strategies...
18 November 2024
CBI Flood Protection Gap report
The Central Bank of Ireland (CBI) released its Flood Protection Gap Report on 14 October 2024, shedding light on the extent of Ireland's flood insurance coverage gaps. The report examines both the current and future risks posed by inadequate flood protection, which affects some homes and businesses across the country.
15 November 2024
Token redemption plan guidelines under MiCAR
Under EU Regulation 2023/1114, Markets in Crypto Assets Regulation (MiCAR) issuers of asset-reference tokens (ARTs) and electronic money tokens (EMTs) must create a redemption plan to ensure orderly token redemption if a competent authority determines the issuer may fail to meet payment obligations.
Contact
Frank Greene Partner, Tax - Dublin
Tax
Insight and innovation to guide you through an ever-evolving tax landscape
VAT & indirect tax
VAT and indirect taxes need careful planning as they make up an ever-larger part of the tax take
Global mobility & employment tax
Ensuring the right skills are available when and where you need them
Transfer pricing
The increasingly complex regulatory and tax environments that multinational organisations are operating in have made transfer pricing a top tax priority for organisations.
International tax
Providing clarity in the tangled world of global taxation
R&D tax credits & incentives
A global approach that maximises tax benefits
M&A tax
Ensuring important transactions are tax-efficient
Private client tax
Smart independent tax advice for senior executives, business owners and high net-worth individuals.
Corporate structures
A proactive approach to complex international tax topics
Tax dispute resolution
As tax disputes proliferate globally, effective advice becomes crucial
National & domestic tax
Strategies and solutions to help you stay compliant in an evolving environment
Tax compliance
Efficient handling of a growing workload