Revenue has included information in their Tax and Duty Manual regarding procedures for migrating companies that elect to defer their exit tax charge under section 628A TCA 1997.

Companies migrating to an EU/EEA country have the option of deferring the payment of exit tax by either payment of the tax in equal instalments over six years, or deferral of the payment for up to ten year. Such company is required to select the preferred option in its final tax return. Interest is charged on the deferred exit tax and security may be required by Revenue.

The manual is available on the Revenue website.