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

Commission Rules on Sicilian Incentives

The European Commission has also ruled in the case of Sicilian incentives.

The incentives provide for exemptions from the Italian tax on regional production activities in favour of companies operating in certain sectors in Sicily. According to the Commission, these tax exemptions would be liable to distort competition with the EU's Single Market by selectively favouring certain categories of undertakings and therefore cannot be implemented.

Further information on the Sicilian ruling is available at http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/159&format=HTML&aged=0&language=en&guiLanguage=en