Are tax deductions on borrowed time as new rules come into effect?
A new measure in the Finance Bill is intended to stamp out tax avoidance through borrowing costs – but it’s complicated
Is your company a standalone entity, part of an interest group or a single worldwide group? Do its net borrowing costs exceed €3 million? These are new-fangled terms and questions that have to be answered, based on new laws coming our way, to see whether net borrowing costs are tax deductible.
This is on top of all the usual terms and conditions that have to be adhered to in order to secure such a tax...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Tom Maguire: A corporation tax proposal that will bring certainty to Irish business
The EC’s draft directive to put Pillar 2 into action should be effective, and a net positive for Ireland – and here’s why
Tax credit for game developers who must pass the ‘cultural’ test
Paschal Donohoe’s incentive for game developers is available on eligible expenditure of up to €25 million a game and is based on the film tax relief scheme. A cultural test will apply, and gambling games are not eligible for the incentive
Things have moved fast since the Corporation Tax Roadmap update last January
By the time the Finance Bill is signed into law we will have enacted the entire Anti-Tax Avoidance Directive into our legislation – and there’s more to come