September 21, 2016 by mgpartners in News
  • Comments Off on Changes to Irish Securitization and Funds Vehicles Flagged

Changes to Irish Securitization and Funds Vehicles Flagged

The Irish Finance Ministry issued a statement on the 6th of September announcing that the tax provisions relating to Irish securitization vehicles will change in the Finance Act and that such change would be effective from the date of the announcement. While such retrospective tax legislation is very rare in Ireland, and

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June 23, 2016 by mgpartners in News
  • Comments Off on Ireland releases new bilateral APA manual

Ireland releases new bilateral APA manual

Irish Revenue have just released their new bilateral APA manual.  These are the only APAs which Irish Revenue have a legal basis for agreeing.  Generally taxpayers must self-assess their transfer pricing until subject to a tax audit. It must be borne in mind that with current EU Commission State Aid challenges,

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June 22, 2016 by mgpartners in News
  • Comments Off on EU agrees new Anti-Tax-Avoidance Directive

EU agrees new Anti-Tax-Avoidance Directive

The EU has agreed a new Anti-Tax-Avoidance Directive at seemingly break neck speed towards the end of the Dutch presidency.  While the directive has been watered down from previous drafts it could still have a significant impact on the Irish tax regime. The directive will need to be transposed into the domestic

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June 07, 2016 by mgpartners in News
  • Comments Off on Irish Tax relief for Investors in Start-Up Companies Mooted

Irish Tax relief for Investors in Start-Up Companies Mooted

The Minister for Jobs, Mary Mitchell-O’Connor, announced that the Government is looking at introducing a reduced 10% CGT rate for certain investments in start-up companies comparable to that available in the UK.  See Irish Independent Article While the reduced rate is to be welcomed, the risk of significant anti-avoidance being introduced

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May 24, 2016 by mgpartners in News
  • Comments Off on New Security Bond Requirements for Tax Appeals

New Security Bond Requirements for Tax Appeals

E-Brief 52/16 sets out the new procedures for security bonds for tax appeals.

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May 04, 2016 by mgpartners in News
  • Comments Off on Changes To Ireland Estonia Tax Treaty With Effect From 1 January 2016

Changes To Ireland Estonia Tax Treaty With Effect From 1 January 2016

The Ireland Estonia Tax Treaty contained a most favored nations clause.  Estonia signed a tax treaty with Switzerland which has caused the most favored nations clause to be invoked with Estonia now having more restricted rights over royalty taxation. Revenue E-Brief 47/16

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April 22, 2016 by mgpartners in News
  • Comments Off on New Guidance Issued on CGT Withholding Relating to Loans

New Guidance Issued on CGT Withholding Relating to Loans

Revenue have issued new guidance in relation to CGT clearance where loans secured against Irish assets are being sold. Revenue e-brief 43/16 This is an area of keen interest given the legal proceedings being taken by Cintra which are due to be heard by the High Court in May 2016.

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March 21, 2016 by mgpartners in News
  • Comments Off on New Tax Appeals Mechanism Now in Force

New Tax Appeals Mechanism Now in Force

The Appeals Commissioners have been replaced with the Tax Appeals Commission with effect from today. E-Brief 30/6 Decisions of the Tax Appeals Commission

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July 17, 2012 by admin in News
  • Comments Off on New Double Taxation Agreement signed with Uzbekistan

New Double Taxation Agreement signed with Uzbekistan

On 16th July, the Minister of State at the Department of Finance, Mr. Brian Hayes, T.D., who has special responsibility for international tax issues, signed a new Double Taxation Agreement (“DTA”) between Ireland and Uzbekistan. Following on from the very recent signing of a new DTA with Qatar, this brings

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July 05, 2012 by admin in News
  • Comments Off on New tax relief (SARP) details released

New tax relief (SARP) details released

A new relief known as the Special Assignee Relief Programme (“SARP”) was introduced in Finance Act 2012, which provides for income tax relief for individuals assigned during any of the tax years 2012, 2013 or 2014 to work in the State. Where certain conditions are satisfied, then an employee can

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