July 04, 2012 by admin in News
  • Comments Off on Central Bank report on Financial Transaction Tax

Central Bank report on Financial Transaction Tax

The Central Bank has prepared a report on the EC’s proposal to introduce a Financial Transaction Tax (“FTT”) from 1 January 2014. The proposal involves a transaction-based tax of 0.1 per cent on securities and 0.01 per cent on derivatives. Although uncertain, the baseline estimates from the Commission’s impact assessment

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July 04, 2012 by admin in News
  • Comments Off on Self assessment for Stamp Duty

Self assessment for Stamp Duty

Section 107 of the Finance Act 2012 and Schedule 3 thereto introduced changes to Stamp Duty to place it on a self assessment basis in respect of instruments executed on or after a date to be specified by Ministerial Order. The Minister for Finance has, by means of Statutory Instrument

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July 04, 2012 by admin in News
  • Comments Off on Consultation on tax implications of receivership

Consultation on tax implications of receivership

As a result of the increase in the level of personal and corporate receiverships and property repossessions, the Minister for Finance has instigated a consultation review of the Corporation Tax and VAT issues surrounding a lender appointing a receiver over property or obtaining possession of a property, seeking submissions from

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July 02, 2012 by admin in News
  • Comments Off on Invitation for submissions on Film Relief

Invitation for submissions on Film Relief

On 28th May 2012 the Minister for Finance published a consultation paper which sets out preliminary analysis and data and invites interested parties to make submissions as part of an economic impact assessment of the operation, status and future development of the Section 481 tax relief otherwise known as ‘film

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July 01, 2012 by admin in News
  • Comments Off on Public consultation on Tax Residence Rules

Public consultation on Tax Residence Rules

On 1 May 2012, the Department of Finance opened a Public Consultation on Irish Tax Residence Rules relating to the taxation of individuals. This is a follow up from the original Programme for Government, where the Government indicated that, as part of its fiscal policy, it would ensure that tax

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