XBRL Blog

 

Revenue’s measures on COVID- 19 outbreak!

20 Mar, 2020  Posted By Priyadarshini   Posted in Revenue
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  COVID-19 has proven to be disruptive to supply chains worldwide and has affected the financial markets too.  Now that it has been declared a pandemic by the WHO, we at Data Tracks have put together a couple of key … Continue reading

 

Ireland’s new exit tax regime: Part 1

10 Mar, 2020  Posted By Priyadarshini   Posted in Revenue
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    Ireland’s Budget 2019, delivered in October 2018, saw the introduction of a new exit tax regime. The introduction of the exit tax regime was not considered a surprise because it is part of Article 5 of the Anti-Tax Avoidance … Continue reading

 

Missed your tax filing deadline? Know your next steps.

21 Feb, 2020  Posted By Priyadarshini   Posted in Revenue
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    Are you an Irish tax payer who is yet to get your accounts in order and file tax returns? You better get started now if you would like to avoid penalties that can amount to a “small fortune”! … Continue reading

 

Ireland Taxonomy explained

01 Feb, 2020  Posted By Priyadarshini   Posted in Revenue
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  Ireland is one country that has quite the confusing taxation policy, to begin with. Add the hurdle of compliance to the mix and you’ve got yourself a problem. In a previous blog of ours Ireland Gets Its Own Taxonomy … Continue reading

 

Ireland Gets Its Own Taxonomy!

24 Jan, 2020  Posted By Priyadarshini   Posted in Revenue
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  It now known world over that the acceptable language in the word of financial reporting and tax compliance is the XBRL and the iXBRL – (in-line) eXtensible Business Reporting Language. It has become the internationally used standard in exchanging … Continue reading

 

The Language of Corporation Tax in Ireland

03 Jan, 2020  Posted By Priyadarshini   Posted in Ireland, iXBRL Tagging, Revenue
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    In Ireland, the liability of corporations to pay tax is pretty steep. But that is hardly the source of worry for most organizations operating out of that country. Complying with the various legislations enforced to file the tax … Continue reading

 

County by Country Reporting in Ireland – Who, What and How?

13 Dec, 2019  Posted By Priyadarshini   Posted in CbCR
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  A keystone in addressing base erosion and profits shifting (BEPS) is ensuring transparency. To make this possible, certain multinational enterprises (MNEs) are required to submit a Country-by-Country (CbC) report, as introduced in BEPS Action 13. For Ireland in particular, … Continue reading

 

Taxation of Non- Resident Landlord – Part 2 of 2

18 Nov, 2019  Posted By Priyadarshini   Posted in Ireland, iXBRL
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  It is true that finding a suitable place to live once you arrive in Ireland is one of the most important first steps to getting settled. But what is more important is being aware of the landlord, and his … Continue reading

 

Taxation of non- resident landlord – Part 1 of 2

07 Nov, 2019  Posted By Priyadarshini   Posted in Tax
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  Ireland is and has always been a country where the demand for houses to rent exceeds supply. And when one is moving to Ireland, there are a number of factors that is important to be considered. One such very … Continue reading

 

Upcoming Changes for Non-UK Resident Companies with Property Income

19 Aug, 2019  Posted By admin   Posted in iXBRL

Significant changes are on the horizon for the ca. 22,000 non-UK resident company landlords that have UK property income. Specifically, from 6 April 2020, these companies will come into the charge of UK corporation tax and will no longer be … Continue reading

 

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