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

Exit tax provisions

Revenue’s guidance on the Exit Tax rules that were introduced by Finance Act 2018 and contained in section 627 Taxes Consolidation Act 1997 is updated to include the amendments made by Finance Act 2019.

The amendments ensure that

  • the deemed disposal and reacquisition of assets on the change of residence is deemed to arise immediately before the change of residence of the company concerned, and
  • the charge on the transfer of assets, or the business, of a permanent establishment in the State arises regardless of the residence of the company concerned.