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.
Join our mailing list
We have insights into developments that affect your business. We can provide you with unique perspectives and thoughtful solutions so you can meet new challenges and seize opportunities.
Tax newsletter - June 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.
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.
Tax news
Insurance regulation newsletter - Issue 7
Digitalisation, climate change and the cost of insurance have dominated agendas in early 2024 for insurers and regulators alike. While macroeconomic conditions have stabilised, technological advancements and legislative developments promise to keep insurers busy into the summer months and beyond.
CBI focus on payment and e-money institutions
Since the beginning of the year, several articles and speeches from the Central Bank of Ireland (CBI) have singled out the Payments Institutions (PI) and Electronic Money Institutions (EMI) sector as being of increased risk, with concerns that an operational or financial failure could cause a significantly impact the European Economic Area (EEA) financial system.
Mazars advises ASD on sale to Descartes Systems
Mazars is delighted to have supported Aerospace Software Developments (ASD) on its sale to Descartes Systems Group.
Contact
Frank Greene Partner, Tax Dublin
Related pages
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