TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Guidance on Foreign Earnings Deduction

Revenue has provided additional guidance in respect of the recent changes to the Foreign Earnings Deduction (FED) which were introduced in Finance Act 2016. FED allows Irish resident employees to claim a deduction from their salary of up to €35,000 where they travel to qualifying countries to carry out their employment duties. This relief has been extended until 31 December 2020.

In addition, Pakistan and Colombia have been added to the list of 28 other qualifying countries and the minimum number of days that employees must travel for is reduced from 40 to 30. Revenue has updated its Tax and Duty manual and eBrief No. 15/2017 (on here) contains further details.