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Interest Deduction Rules

Modifications to Ireland’s Interest Expense Deduction Rules

Modifications to Ireland’s Interest Expense Deduction Rules In 2022, many companies throughout Ireland will be required to change the way in which they calculate interest deduction for tax deductions. With that, let’s have a look at the key measures and why Ireland’s rules must change. The changes are included in […]

Business Resumption Support Scheme (BRSS)

Business Resumption Support Scheme (BRSS)

Business Resumption Support Scheme (BRSS) The Irish Government in a bid to help businesses recover in the wake of economic restrictions that arose due to the pandemic has launched the Business Resumption Support Scheme (BRSS). The BRSS Announced in the Government’s Economic Recovery Plan for Ireland, the BRSS will support […]

BEPS

BEPS 2.0 – Implications for Ireland

BEPS 2.0 – Implications for Ireland On the 8th of October 2021, 136 countries put pen to paper to a major international tax agreement. This agreement (BEPS) will see the reallocation of taxing rights on the profits of certain large multinational companies. It will also see the introduction of a […]

Tax Reform Plans

Tax Reform Plans – United States

Tax Reform Plans – United States Plans for new tax rules for businesses and individuals in the United States are coming together after the Ways and Means Committee of the House of Representatives released legislative proposals to be included in the Build Back Better Act, which is a substantial tax […]

US/UK Tax Treaty

US/UK Tax Treaty Explained

US/UK Tax Treaty Explained The UK and United States governments reached an important agreement in July 2021 on the interpretation of the US-UK double tax avoidance treaty. This agreement will prevent certain taxpayers from being denied access to treaty tax benefits. We’ll summarise below the background of the problem and […]

Trusts Versus Foundations

Trusts Versus Foundations

Trusts Versus Foundations In this piece, we’ll discuss the comparisons and contrasts of two key mechanisms for wealth management; Trusts and Foundations. Introduction to Trusts The best way to think about a Trust is it acts as a safety deposit box for a person’s assets. Trusts are oftentimes an integral […]

Registering for VAT in Ireland

Registering for VAT in Ireland

Registering for VAT in Ireland Are you wondering about registering for VAT in Ireland? When you should register and what the thresholds are? In this blog, we’ll share what you need to know about registering for VAT in Ireland. In Ireland, a trader who makes taxable supplies of goods and […]

Setting Up a Limited Company in Ireland

Setting Up a Limited Company in Ireland

Setting Up a Limited Company in Ireland The most common form of company in Ireland is a Private Company Limited by Shares “(LTD)”. Other types of companies are available in Ireland such as the Designated Activity Company (DAC) which is limited by shares or limited by guarantee, a (PLC) Public […]

Are Corporate Tax Rates on the Rise?

Are Corporate Tax Rates on the Rise?

Are Corporate Tax Rates on the Rise? During the 2008-10 financial crisis a trend of falling corporate tax rates was seen worldwide. This was at a time where governments needed to tighten their fiscal belts. Developments recently show that this trend is slowing and may be turning in the opposite […]

Grants for Start-Up Businesses in Ireland

Grants for Start-Up Businesses in Ireland

Grants for Start-Up Businesses in Ireland A key component of any successful business is of course funding. Quite often companies will need funding to support expanding and grow the business. Due to the Covid-19 pandemic, this funding may even be necessary for the business to stay afloat. This is more […]