Revenue

 

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

 

The Irish tax system analysed by Social Justice Ireland

12 Jun, 2018  Posted By Lakshmi   Posted in Revenue
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Ireland needs more tax revenue Social Justice Ireland (SJI) has suggested that Ireland needs additional tax revenue. They proposed that the Irish government should aim to add about £3 billion to tax revenue each year. Their reason is to ensure … Continue reading

 

Ireland Revenue accepts new iXBRL taxonomies – Irish GAAP (FRS102), FRS101 and EU IFRS

27 Jun, 2017  Posted By Balaji M   Posted in FRS102, iXBRL, Revenue, XBRL
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Revenue Ireland introduced additional taxonomies (FRS 101, FRS 102 and EU IFRS with Irish extensions) on 16th December 2016, as a Public Working Drafts (PWD). Interested parties were invited to review the PWDs for the three additional taxonomies and provide … Continue reading

 

ESMA Initiates Inline XBRL Testing

26 Jun, 2017  Posted By Balaji M   Posted in ESMA, iXBRL, Revenue, XBRL
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Issuers listed on stock markets in the EU are governed by the European Transparency Directive. This directive requires such listed companies to prepare and submit financial reports in a European Single Electronic Format (ESEF). European Securities and Markets Authority (ESMA) … Continue reading

 

Revenue Ireland introduces additional taxonomies in iXBRL

13 Feb, 2017  Posted By Balaji M   Posted in iXBRL, Revenue
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The Phase 1 and Phase 2 Corporation Tax filers were filing financial statements in iXBRL format in reference to the GAAP and IFRS taxonomies accepted by Revenue until last year. Revenue introduced additional taxonomies (FRS 101, FRS 102 and EU … Continue reading

 

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