As the Covid-19 global crisis continues to impact businesses, it’s vital to ensure strategies for succession planning are kept up to date. Ireland offers a range of tax reliefs and incentives when building a strategy for succession.
The Revenue Commissioners has issued guidance in relation to various employment tax and global mobility matters for employers arising from the COVID-19 pandemic.
The Government is to legislate for a warehousing of VAT and payroll taxes debts associated with the COVID-19 crisis. Pending the enactment of the necessary legislation, Revenue will operate the scheme on an administrative basis. In effect, the amounts deferred from March will be warehoused.
On Thursday 16 April, the Internal Revenue Service (“IRS”) announced an extension to the deadline for Model 1 Foreign Financial Institutions in treaty countries to submit the information required under the Foreign Account Tax Compliance Act (“FATCA”).
Recent changes have been announced to help employees who return to work following a period of maternity or other related leave or, where an employee was in receipt of Illness or other benefits paid by the Department of Employment Affairs & Social Protection (DEASP).
Companies due to receive repayable R&D tax credit instalments in 2020 can apply to Revenue to expedite the repayment.
Revenue have introduced temporary measures in relation to close company surcharges and the imposition of surcharges and loss relief restrictions in relation to the late filing of returns.
If you inherit or are gifted a residential property, you may be entitled to avail of the “Dwelling House Exemption” provided you meet specific criteria, and the relief can be a valuable tool.
During this time of uncertainty, business leaders need a source of reliable tax information to help meet the challenges they face.
Insight and innovation to guide you through an ever-evolving tax landscape Today’s tax systems pose significant challenges for business. The complexities of domestic and international rules mean organisations need clear, informed, and considered guidance. Working closely with you, we build transparent, integrated tax-efficient solutions that give you confidence, and help you excel in a sustainable way.
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