Tax newsletter June 2022

TagsGlobal mobility & employment taxGlobal tax credits & incentivesInternational taxVAT & indirect tax+8

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.

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Tax newsletter - June 2022

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.

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.

Mazars Philip Maher successfully elected to ACCA

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.

Forvis Mazars in Ireland transparency report 2023/2024

Forvis Mazars in Ireland Transparency report 23/24

This year’s transparency report clearly articulates Forvis Mazars’ commitment to quality and our ongoing drive to enhance our positive impact for our clients and our people.

19 December 2024

Chief Executive, Skillnet Ireland

Skillnet Ireland is recruiting for the role of Chief Executive. This is a unique opportunity for an ambitious individual to join a dynamic organisation, with the role of working in partnership with the Board to ensure that Skillnet Ireland implements to its fullest extent its mandate, together with specific responsibilities stated in its Oversight Agreement with the Department of Further & Higher...

HSA -Executive search - Mazars in Ireland

HSA - Head of Legal Services (Principal Officer)

The Health and Safety Authority seeks applications from high-calibre individuals for the position of Head of Legal Services (Principal Officer).

Frank Greene Partner, Tax - Dublin

Detailed profile

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.