Tax It’s a ‘non, merci’ from us to the EU’s latest corporation tax proposalThere is potential for legal conflict as larger countries are set to benefit from the redistribution of revenues across the bloc at the expense of smaller ones
Tax Tom Maguire: Ireland is in good shape, but simplifying the tax code will put us in a better oneMichael McGrath’s promise to make tax system easier and clear badly needed
Tax Tom Maguire: Why there’s a need for speed when it comes to debt warehousingMay 1 is the deadline for businesses who have availed of the tax debt warehousing scheme to engage with Revenue on this matter
Tax Tom Maguire: Exemption from employer’s PRSI effective as it encourages offers of shares to employeesSMEs need to be able to offer incentives to attract and retain staff when they can’t afford to fund higher cash remuneration
Corporate Tax Tom Maguire: Corporate tax exemption on foreign income is a good moveThe Department of Finance’s public consultation ended before Christmas and it’s predicted an exemption for dividends will be included in the Finance Bill
Opinion Tom Maguire: R&D will happen – we need to ensure the tax credit makes it happens here The Finance Bill increases in the first-year payment threshold to €50,000 giving firms valuable cash flow
Tax Tom Maguire on tax: get ready for new reporting requirements for employee benefitsA new real-time reporting requirement has been placed on employers in relation to certain expense payments
Investing Tom Maguire on tax: Blessed relief for angel investorsProposed relief in the Finance Bill could bring about a reduced rate of 16 per to 18 per cent on capital gains tax
Tax Tom Maguire: Finance Bill must get quick cash into as many start-up companies as possibleThe whole area of investment for firms and entrepreneurs must be improvedto assist homegrown activity
Budget 2024 Cash remains king, and the Budget should put more of it into companies’ handsBy enhancing EIIS, investors can now claim double the relief for four-year investments up to €500,000
Tax Tom Maguire: Proposed BEFIT scheme could direct corporate tax away from Ireland Business in Europe: Framework for Income Taxation would mean one form of corporate tax law across Europe
Tax The ins and outs of vacant homes taxIf you have a residential dwelling that is inhabited for less than 30 days a year, you may be liable for the tax, but there are some exemptions
Tax EU Faster directive recognises the need for speed and simplicityIf implemented, the EU Directive on Faster and Safer Relief of Excess Withholding Taxes will make life much easier for investors, financial intermediaries and national tax authorities
Tax Changes to enterprise supports should focus on putting money into business Any changes to the Key Employee Engagement Programme and the Employment and Investment Incentive Scheme should be simplifying in nature
Tax We are in a unique position now to plan saving for the future Increasing the tax limits for each age category, or having a single maximum limit for all, would serve to promote savings
Tax New country-by-country public tax reporting adds to corporate obligationsNon-European companies must now comply with the same reporting obligations as bloc’s own enterprises
Tax Tom Maguire: Expression of Doubt can surely help with your tax uncertainty Our tax rules can be complicated, but if you are genuinely unsure about your liability, there is a legitimate way to let Revenue know
Tax Tom Maguire: Budget 2024 is an opportunity to make the income tax system less unattractiveIreland’s high personal tax rate can act as a disincentive to businesses locating here, to employees taking on additional work, and to foreign-based talent relocating to Ireland
Tax Budget 2024 is a chance to cut red tape for corporations Recent mandatory European regulations overlap many existing rules in Irish tax law, creating an unnecessary headache for multinationals with operations here
Tax Tom Maguire: R&D tax credit is the perfect lure to draw innovators to IrelandR&D will always happen, that’s human nature. What is important is where it happens, and raising the threshold is an ideal incentive to keep talent here