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 →

    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 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 →

All corporate tax payers in the Ireland need to file their CT1 form with Revenue including the Accounts, in iXBRL format. There are several ways corporations can fulfil this requirement including, in-house, getting it done through the Accountants/Tax Advisors, or … Continue reading →

Revenue has notified that it has extended iXBRL filing deadline by 3 months from Form CT1 due date. This notification has the following effect (example for accounting period end 31 December, 2015): Accounting period end 31 December 2015 Form CT1 … Continue reading →