Insights

In recent years, there has been a global movement towards increased tax transparency, particularly following a number of high profile financial crises and scandals. Coupled with the growth in the digital economy as well as crypto-assets and e-money in particular, the European Union (EU) has proposed a new Directive on Administrative Cooperation (DAC) known as “DAC8”.

The Irish Transfer Pricing (TP) rules introduced by Finance Act (FA) 2019 apply to Accounting Periods starting on or after 1 January 2020.

Understand directors' compliance obligations under the Companies Act 2014 and ensure your policies reflect current tax and legal requirements.

The Irish Sport Horse Industry directly contributes over €816m per annum to the Irish Economy and provides over 14,000 jobs in the sport horse breeding, competition and recreational sectors. In addition to this highly significant economic contribution, the sector is vitally important to the social and cultural fabric of rural Ireland.

Relief from Capital Gains Tax (CGT) is available for individual entrepreneurs disposing of certain business assets. Entrepreneur relief was originally introduced under Finance (No 2) Act 2013 however has since been revised by Finance Act 2015 with the aim of encouraging serial entrepreneurs to establish new businesses.

Over the next few weeks we will be sharing our thoughts on ‘A Programme for a Partnership Government’. See all our tax thoughts here.