Deduction for income earned in certain foreign states (FED)

Revenue has updated the Tax and Duty Manuals to reflect matters relating to the new Deduction for income earned in certain foreign states (FED).

The new instruction, which reflects the insertion of Section 823A into the Taxes Consolidation Act 1997 by Section 12 of Finance Act 2012, can be accessed in Part 34.00.09, of the Income Tax, Corporation Tax and Capital Gains Tax Manual, and is available on the Revenue website at: Taxes & Duties – Tax & Duty Manuals – Income Tax, Capital Gains Tax and Corporation Tax – Part 34 – Part 34-00-09.