In July’s edition of Finance Dublin’s The Irish Tax Monitor Angela Fleming, Partner & Head of Financial Services Tax, covers the establishment and progress of the Tax Administration Liaison Committee (TALC) Sub-Committee on Simplification and Modernisation of Business Reliefs for SMEs, created to address the challenges small businesses face in accessing tax supports. The article calls for improvements in the clarity of information on the Revenue website and suggests that true simplification requires changes to both policy and administrative procedures.
In addition, Yvonne Diamond discusses the recent detailed guidance published by the Revenue Commissioners regarding the BEPS Pillar Two rules, following the implementation of the EU Minimum Taxation Directive. The guidance aims to help large multinational and domestic groups understand their obligations under the new rules, providing cross-references to relevant EU directives and OECD guidelines.
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In addition, Yvonne Diamond discusses the recent detailed guidance published by the Revenue Commissioners regarding the BEPS Pillar Two rules, following the implementation of the EU Minimum Taxation Directive. The guidance aims to help large multinational and domestic groups understand their obligations under the new rules, providing cross-references to relevant EU directives and OECD guidelines.
READ FULL COMMENTARY